Abstract This paper examines the effects of foreign trade and foreign direct investment (FDI) on CO 2 emissions in Turkey. We consider linear and nonlinear ARDL models and find significant asymmetric effects of exports, imports and FDI on CO 2 emissions per capita. However, FDI has no statistically significant long-run effects. In the long run, decreases in exports reduce CO 2 emissions per capita but increases in exports have no statistically significant effects. Increases in imports push up CO 2 emissions per capita, while decreases in imports have no long-run effects. On the other hand, CO 2 intensity, which measures CO 2 emissions per unit of energy, is not influenced by exports and imports, nor by FDI. Instead, it is affected positively by financial development and urbanization. Also, we find that an environmental Kuznets curve is present for both CO 2 measures so that increases in real GDP per capita have led to reductions in CO 2 emissions for at least the most recent decade, controlling for other confounding factors. Furthermore, the sectoral shares of CO 2 emissions in total CO 2 emissions change asymmetrically with foreign trade for two of four sectors, with export increases leading to lower CO 2 shares and imports having the opposite effect.