1. The Calvin cycle fixes carbon dioxide into carbohydrates using energy from light reactions that produce ATP and NADPH.
2. Enzymes of the Calvin cycle regenerate the 5-carbon sugar RuBP from 3-carbon glyceraldehyde-3-P in chloroplasts.
3. Overall, 3 molecules of CO2 are fixed into one molecule each of two 3-carbon glyceraldehyde-3-P, with the remaining carbons recycled to regenerate 3 molecules of RuBP to continue the cycle.