Research background: The impact of financial inclusion on CO2 emissions could be either positive or negative. From the first point, financial inclusion makes it easier for organizations and businesses to access financial systems, facilitating the funding of green technologies. Second, increased access to financial services raises industrial and manufacturing output, which can lead to higher CO2 emissions. Furthermore, growing financial inclusion enables people to afford energy-intensive devices such as air conditioners and automobiles. Because they emit more greenhouse gases, their use poses a major ecological concern.