This study determines the dynamic linkages between globalization, financial development and carbon emissions in Asia Pacific Economic Cooperation (APEC) countries in the presence of energy intensity and economic growth under the framework of Environment Kuznets Curve (EKC). This study employs the panel data from 1990 to 2016, Westerlund cointegration technique to find long-run cointegration, and Continuously Updated Bias-Corrected (CUP-BC) and Continuously Updated Fully Modified (CUP-FM) methods to check the long-run elasticities between the variables. Empirical results indicate that globalization and financial development significantly reduce carbon emissions, but economic growth and energy intensity increase them. These results support the EKC hypothesis for APEC countries. The Dumitrescu and Hurlin causality analysis shows that globalization Granger causes CO₂ emissions. Globalization also causes financial development and energy intensity. A feedback effect exists between financial development and CO₂ emissions. Furthermore, financial development causes economic growth but similar is not true from opposite-side in Granger sense. Finally, this study presents important policy implications with respect to APEC countries.

这项研究确定了在环境库兹涅茨曲线（EKC）框架下，在存在能源强度和经济增长的情况下，亚太经济合作组织（APEC）国家的全球化，金融发展与碳排放之间的动态联系。本研究采用1990年至2016年的面板数据，Westerlund协整技术来查找长期协整，并使用持续更新的偏斜校正（CUP-BC）和持续更新的完全修正（CUP-FM）方法来检查长期弹性。变量之间。实证结果表明，全球化和金融发展显着减少了碳排放，但经济增长和能源强度却增加了碳排放。这些结果支持了APEC国家的EKC假设。₂排放。全球化也导致金融发展和能源密集度。金融发展与CO ₂排放之间存在反馈效应。此外，金融发展会导致经济增长，但从格兰杰的角度来看，相反的情况并非如此。最后，本研究对亚太经合组织国家提出了重要的政策含义。