This document discusses the importance and applications of pre-hospital capnography. Capnography provides real-time information about ventilation, perfusion and metabolism by measuring end-tidal carbon dioxide levels. It can help assess airway placement, effectiveness of CPR, and detect metabolic abnormalities earlier than other vital signs. The document argues that capnography should be considered more important than the traditional ABCs (airway, breathing, circulation) approach in pre-hospital care as it directly measures ventilation and perfusion.