“…According to carbon emission accounting studies, a few sectors, including energy, basic metals, transportation, coal and petroleum products, computers, electronic and electrical equipment, and chemicals and pharmaceuticals, account, on average, for more than 75 per cent of the total carbon emissions embedded in trade (Cezar and Polge, 2020;Yamano and Guilhoto, 2020). Recent analysis further suggests that carbon emissions embedded in services trade are increasing faster than merchandise trade (Huo et al, 2021). Besides transportation, tourism and professional services are found to be the main contributors of GHG embedded in services trade.…”