IntroductionThe Goddard Institute for Space Studies of the National Aeronautics and Space Administration (2014) states that “the global surface temperature in 2013 was +0 .6°C (~1.1°F) warmer than the 1951-1980 base period average, thus the seventh warmest year in the GISS analysis. Global warming has always been correlated with the increasing amount of greenhouse gases, for which carbon dioxide is notorious, in the Earth's atmosphere. Many environmental activists are putting pressure on all facets of society and raising awareness of the harms of continued carbon increases. carbon dioxide emissions that the world is experiencing. The Philippines is already beginning to experience extreme and sudden climate changes, as well as natural disasters that were not as severe decades ago. This not only has a negative impact on the environment but also on the economy, as these disasters and changes also impact the way business is conducted and lead to the destruction of many profitable assets, disrupting the normal economic cycle of the country. This is why there are more and more environmental economists, because they are interested in the impact of many economic factors on the environment; One relationship that gets a lot of attention is the relationship between carbon dioxide emissions, which many economists consider the best representation of environmental degradation. It is interesting to know how the Philippines' economic behavior affects carbon dioxide emissions linked to environmental deterioration, because as an emerging economy, the country still has a lot of room to improve its policies and efforts right now , hence the need for more studies like this that support many environmental claims against inbendi...... middle of paper... ... taken from http://www.frbsf .org/education/publications/doctor-econ/2002/november/private-social-costs-pollution-productionNational Aeronautics and Space Administration Goddard Institute for Space Studies (January 21, 2014). ). NASA discovers sustained long-term global warming trend in 2013. Retrieved from www.giss.nasa.gov/research/news/20140121/Organization for Economic Cooperation and Development (2013). OECD iLibrary: Statistics /OECD Factbook /2013 / Foreign direct investment. Retrieved from http://www.oecd-ilibrary.org/sites/factbook-2013-en/04/02/01/index.html?itemId=/content/chapter/factbook-2013-34-enRen, S., Yuan, B., Chen, X., and Ma, X. (2014). International trade, FDI (foreign direct investment) and embodied CO2 emissions: a case study of Chinese industrial sectors. China Economic Review, 28, 123-134. Retrieved from http://dx.doi.org/10.1016/j.chieco.2014.01.003