Abstract: Based on the perspective of value added trade, this paper constructs a new method to account the carbon emissions embodied in China′s foreign trade under the division of global value chain by using the world environment input-output model. Then the paper accounts carbon emissions embodied in China′s foreign trade from the national level, the bilateral trade level and the industry level respectively. The results show that: on the whole, China is a net exporter of embodied carbon emissions, and the net embodied carbon emissions calculated by the new method are significantly higher than the traditional methods; from the perspective of different trading partners, the carbon emissions embodied in China′s exports to the United States, the European Union, East Asia, and other developed countries or regions, are higher than the imports from these countries or regions; from the perspective of different technology manufacturing, during the period 1995-2009, the carbon emissions embodied in the three types of technology manufacturing exports were higher than their imports, and the carbon emissions embodied in high-tech manufacturing trade were significantly higher than the low-tech and medium-tech manufacturing. This study is expected to restore China′s true carbon emissions embodied in trade under the global value chain division through different levels of inspection.

Key words: carbon emissions embodied in trade, value added trade, global value chain