Many carbon-fixing bacteria rely on a CO 2 concentrating mechanism (CCM) to elevate the CO 2 concentration around the carboxylating enzyme ribulose bisphosphate carboxylase/oxygenase (RuBisCO). The CCM is postulated to simultaneously enhance the rate of carboxylation and minimize oxygenation, a competitive reaction with O 2 also catalyzed by RuBisCO. To achieve this effect, the CCM combines two features: active transport of inorganic carbon into the cell and colocalization of carbonic anhydrase and RuBisCO inside proteinaceous microcompartments called carboxysomes. Understanding the significance of the various CCM components requires reconciling biochemical intuition with a quantitative description of the system. To this end, we have developed a mathematical model of the CCM to analyze its energetic costs and the inherent intertwining of physiology and pH. We find that intracellular pH greatly affects the cost of inorganic carbon accumulation. At low pH the inorganic carbon pool contains more of the highly cellpermeable H 2 CO 3 , necessitating a substantial expenditure of energy on transport to maintain internal inorganic carbon levels. An intracellular pH ≈8 reduces leakage, making the CCM significantly more energetically efficient. This pH prediction coincides well with our measurement of intracellular pH in a model cyanobacterium. We also demonstrate that CO 2 retention in the carboxysome is necessary, whereas selective uptake of HCO 3 − into the carboxysome would not appreciably enhance energetic efficiency. Altogether, integration of pH produces a model that is quantitatively consistent with cyanobacterial physiology, emphasizing that pH cannot be neglected when describing biological systems interacting with inorganic carbon pools.carbon fixation | RuBisCO | cyanobacteria | inorganic carbon | systems biology C yanobacteria and many other autotrophs use a CO 2 concentrating mechanism (CCM) to increase the cellular pool of inorganic carbon and facilitate the Calvin-Benson-Bassham (CBB) cycle (1). Specifically, the CCM functions to supply CO 2 to ribulose bisphosphate carboxylase/oxygenase (RuBisCO), the primary carboxylating enzyme of the CBB cycle. High levels of CO 2 are essential to cyanobacterial metabolism because RuBisCO has relatively slow carboxylation kinetics and is promiscuous, catalyzing an off-pathway reaction with O 2 called oxygenation (2-4).RuBisCO oxygenation produces 2-phosphoglycolate (2PG), which is not part of the CBB cycle and must be recycled. Recycling 2PG through photorespiratory pathways is costly, consuming reduced carbon and energy resources (5, 6). The problem of RuBisCO's limited specificity is all the more pronounced because there is ≈ 20 times more O 2 than CO 2 in aqueous solutions equilibrated with present-day atmosphere (SI Appendix, Fig. S1). CCMs overcome these problems by concentrating CO 2 near RuBisCO, favorably increasing the ratio of CO 2 to O 2 . High concentrations of CO 2 maximize the rate of carboxylation and competitively inhibit oxygenation. Indeed, it is widel...