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The Correlation Between Carbon Intensity of Exports and Energy Resource Abundance
The fact that developing countries do not have obligations under the Kyoto Protocol has led to the rising interest in the “virtual” carbon content of international trade. This study hypothesizes that the correlation between carbon intensity of exports and energy resource abundance is positive. The research methodology includes regression and cluster analysis of statistical data. The correlation is revealed to be positive across 27 countries. Specifically, major developing countries tend to be large net exporters of virtual carbon with a high level of energy resource abundance.The study suggests that the allocation of carbon emissions responsibility based on consumption could contribute to a new climate change deal to be adopted in 2015.