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This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries. This study also finds causal association between energy growth and nexus of CO2 emissions, and employed the premises of the EKC framework. The study used annual time series analysis, starting from 1972 to 2017. The data set has been collected from the world development indicator (WDI). The result of a fully modified ordinary least square (FMOLS) method describes a significantly worsen the quality environment in the south Asian region. The individual country as Bangladesh shows a positively significant impact on the CO2 emissions and destroying the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth level (GDP) and square of GDP confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use.

Recent economic growth theories draw devotion toward endogenous technological change, which describes the growth patterns of world economies. Romer (1986) established an endogenous growth model in which technological innovation was formed in the research and development (R&D) areas including human capital and the existing knowledge stock. Then, it was used in the production of all final goods and led to permanent rises in the output growth rate.Innovation is a significant factor of economic growth in the mind of various experts especially the policy makers. Moreover, innovation is not directly related to the amount of productive resources; therefore, it affects growth of the economy mostly through TFP. Technological innovation and non-technological factors are two main divisions of innovation, where new production and services are related to the technological innovation and non-technological innovations in the form of organizational or marketing modifications. However, growth level in itself can be attained by putting more inputs for process of production and through attaining higher levels of output with the same quantity of

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