Jurnal Ekonomi Pembangunan Volume 20 (2): 173-180, December 2022 P-ISSN: 1829-5843; E-ISSN: 2685-0788 Available at: https://ejournal.unsri.ac.id/index.php/jep/index DOI: 10.29259/jep.v20i2.19176 173 Research article Does Globalization Worsen Environmental Quality in ASEAN Countries? Stannia Cahaya Suci 1 *, Vadilla Mutia Zahara 1 , Rah Adi Fahmi Ginanjar 1 , Cep Jandi Anwar 1 1 Department of Economics, Faculty of Economics & Business, Universitas Sultan Ageng Tirtayasa * Correspondence author email: stanniacs@untirta.ac.id Article Info: Received: 14 Juny 2022; Accepted: 30 December 2022; Published: 31 December 2022 Abstract: The era of globalization, which is characterized by integration between economies, increases world output, but environmental damage becomes an important concern to achieve sustainable growth. Therefore, this study intends to estimate the impact of globalization in economic, social side and political terms together with the variables of GDP per capita, financial development and energy spending on carbon emissions and to prove the presence of Kuznets Environmental Curve Hypothesis in ASEAN using panel data over 2000-2019 period. The results of the study proved that globalization, especially social globalization, and energy consumption have role in escalating environmental damage. GDP per capita is found in the reduction of carbon emissions but financial development was discovered to have no significant impact on increasing carbon emissions. This study does not prove the presence of EKC. Hence, this proposes crucial implications for policy makers. These findings suggest that the policy makers to make sustainable energy development strategies while increasing regional income and economic development through globalization. Keywords: Globalization, economic growth, financial development, environmental degradation, EKC JEL Classification: F64, O44, Q56 Abstrak: Era globalisasi ditandai dengan adanya integrasi antar negara akan meningkatkan output dunia, namun kerusakan lingkungan juga menjadi masalah yang penting dalam mencapai pertumbuhan yang berkelanjutan. Oleh karena itu, penelitian ini mengestimasi dampak dari globalisasi ekonomi, sosial dan politik dan variabel lainnya seperti GDP per kapita, financial development dan konsumsi energi terhadap emisi karbon serta ingin membuktikan adanya EKC (Kuznets Environmental Curve Hypothesis) di ASEAN dengan menggunakan data panel tahun 2000-2019. Hasil estimasi menunjukkan bahwa globalsiasi terutama globalisasi sosial dan konsumsi energi berdampak pada peningkatan kerusakan lingkungan. GDP per kapita membantu dalam perbaikan kualitas lingkungan namun financial development tidak berdampak secara signifikan terhadap emisi karbon. Penelitian ini juga tidak membuktikan adanya EKC di beberapa negara ASEAN tahun 2000-2019. Penemuan ini memberikan implikasi bagi pemangku kebijakan. Penemuan ini berimplikasi bagi pemerintah untuk membuat kebijakan pembangunan energy yang berkelanjutan dalam proses peningkatan pendapatan dan ekonomi wilayah melalui globalisasi. Kata Kunci: Globalisasi, pertumbuhan ekonomi, financial development, degradasi lingkungan, EKC How to Cite: Suci, C. S., Zahara, V. M., Ginanjar, R. A. F., & Anwar, C. J. (2022). Does Globalization Worsen Environmental Quality in ASEAN Countries?. Jurnal Ekonomi Pembangunan, 20(2), 173-180. DOI: 10.29259/jep.v20i2.19176 1. INTRODUCTION Economic growth is a goal as well as a challenge for countries in the world. Economic growth can be encouraged through increased trade openness, government development policies, technological developments, investment, capital flows and other factors. The increase in trade growth cannot be separated from the accelerated globalization process. Globalization determines the level of economic growth of a country, because it drives growth through policies (Akadiri, 2019).