S. Donaldson introduced a metric on the space of volume forms, with fixed total volume on any compact Riemmanian manifold. With this metric, the space of volume forms formally has non-positive curvature. The geodesic equation is a fully nonlinear degenerate elliptic equation. We solve the geodesic equation and its perturbed equation and prove that the space of volume forms is an infinite dimensional non-positively curved metric space in the sense of Alexandrov.