Step 1: Concept.
In aerobic respiration, glucose is oxidised using oxygen to form carbon dioxide and water with release of energy.
Step 2: Equation.
C\textsubscript{6}H\textsubscript{12}O\textsubscript{6} + 6O\textsubscript{2} $\rightarrow$ 6CO\textsubscript{2} + 6H\textsubscript{2}O + Energy.
Step 3: Conclusion.
Therefore, CO\textsubscript{2} is liberated.