Current knowledge of the world carbon budget is reviewed with special emphasis on the question of whether the biota is a source or a sink for CO/sub 2/. The analysis shows through convergent lines of evidence that the biota is not a sink and may be a source of CO/sub 2/ as large or larger than the fossil fuel source. The issue is important because of the potential that changes in the CO/sub 2/ content of air have for changing climate worldwide. Various analyses suggest that human activities in the near future could release large additional amounts of CO/sub 2/ into the atmosphere with results that are substantially unpredictable.