Effect Financial Development on The Environmental Pollution And Energy Consumption in The OPEC Countries

Financial development is one of the goals of countries. This study investigates for the first time the impact of financial development on environmental pollution and energy consumption with the method of generalized torque, dynamic least squares and adjusted minimum squares in OPEC member countries in the period 1992-1992. Iran has a comparative advantage in energy consumption, so research in this area is necessary. According to the results of financial development, it has had a positive and significant effect on environmental pollution in these countries in the form of three models, and indicates that financial development in these countries has not led to the creation of environmentally friendly technologies. Energy consumption, GDP and urban growth have a positive and significant effect on environmental pollution. The Kuznets curve in these countries is confirmed by an inverted U-shape. Financial development with dynamic least squares and adjusted ordinary squares has a positive and significant effect on energy consumption.