Cellular respiration uses glucose and oxygen to produce ATP, the "energy currency" of cells. It occurs in three main stages: glycolysis, the Krebs cycle, and the electron transport chain. Glycolysis occurs in the cytoplasm and produces a small amount of ATP. The Krebs cycle and electron transport chain take place in the mitochondria and generate most of the cell's ATP through aerobic respiration. When oxygen is limited, fermentation pathways produce a small amount of ATP without using oxygen.