Energy consumption is increasing and reached about 14,421 Mtoe in 2020, higher than 3.2 per cent than 2017 (IEA, 2020). This increase is due to the rise in the demand for fossil fuels globally. Renewable energy covers 17 per cent of energy consumption which is predicted to increase to 85percent as documented in the RE100 initiative for 2050. The IPCC has also demonstrated the negative impact of CO2 emissions from fossil fuel use. The emission share of OECD economies is higher (37.2%) compared to the European unions (10.6%), African countries (3.6%), Middle East (6.3%), Europe (12.6 %), and North America (18.3 %). Hence, it is essential to address the energy consumption patterns and emissions of the OECD economies. We address this issue with three primary objectives in this research. Firstly, we examine the impact of economic globalization on patterns of energy consumption. Secondly, we investigate the relationship between economic globalization and CO2 emissions. And thirdly, we explain the effects of globalization(s) on renewable energy consumption. Our empirical estimates suggest that the growth effect and population are essential factors positively influencing environmental quality while technological effects improve environmental quality. Technology improvement and economic globalization are crucial factors in driving the environmental quality for the OECD economies. Hence, international and national policies must aim at improving technological efforts and economic globalization.


Keywords: Economic globalization; Energy; Environment; OECD Economies