“…The main factors, among others, that are believed to be responsible for environmental degradation are economic growth, energy consumption, financial development (see Mbarek, Saidi, & Rahman, 2017; Rahman, 2017; Rahman & Kashem, 2017; Shahbaz, Hye, Tiwari, & Leitão, 2013; Shahbaz, Solarin, Mahmood, & Arouri, 2013). Recently, militarization has also been found as a variable that affects CO 2 emissions by some researchers (see Bildirici, 2017c, 2017a, 2017b, 2018). Therefore, the past empirical studies may be reviewed under four categories.…”