Oxygen binds with haemoglobin to form oxyhaemoglobin, with each haemoglobin molecule capable of carrying up to four molecules of O2
Factors affecting oxygen binding with haemoglobin include partial pressure of O2
Carbon dioxide is carried by haemoglobin as carbamino-haemoglobin, with binding related to partial pressure of CO2
RBCs contain carbonic anhydrase enzyme facilitating the reaction of CO2 and H2O at tissue and alveolar sites