• Environmental and Resource Economics Review
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• v.13 no.3
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• pp.441-468
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• 2004

We estimate carbon embodied in the export goods of Korea. A commodity-by-industry IO model ($CO_2$ hybrid IO model) is constructed for the estimation. In the model, all monetary units of energy commodities are converted to physical unit, carbon tons. Results show that total $CO_2$ embodied in the exports of non-energy goods of Korea equals 51.18 million carbon ton or 44% of total $CO_2$ emissions in Korea in 2000. Overall carbon intensity of export goods is estimated as 0.227 carbon ton per million Won. These findings suggest Korea's responsibility on global warming may be imputed to the countries who import and consume Korean goods. It is in accordance with the user pay principle. It is also argued that if UNFCCC impose the burden of $CO_2$ mitigation on importing countries rather than exporting countries, we can prevent '$CO_2$ emission leakages' effectively.