The chapter first shows carbon dioxide variability over long geological timescales. The current stocks and fluxes of carbon are then given, for the whole planet and for the atmosphere, ocean and land separately. The main flows of carbon in the ocean, through the biological pump (via uptake through photosynthesis) and the physical pump (via involving chemical transformation uptake in water and production of carbonate), and on land, through photosynthesis (Gross Primary Production) and respiration leading to Net Primary Production, Net Ecosystem Production and Net Biome Production and through the storage of carbon in biomass, are described. Next, carbon interactions during the Paleocene–Eocene Thermal Maximum and glacial–interglacial transitions, thought to involve changes in ocean circulation and upwelling, are examined. The key changes from anthropogenic perturbation of the natural carbon cycle are shown to be due to fossil fuel burning and land-use change (deforestation). The effects of the carbon–climate feedback on temperature and carbon stocks are also shown.