Bicarbonate buffering equation
1. If there is a lot of CO2, the chemical equation goes to the right, and CO2 combines with water to form carbonic acid (H2CO3), which then dissociates into bicarbonate ions (HCO3-) and H+ ions
2. If there are a lot of H+ ions, the blood is acidic. To restore equilibrium, the chemical equation goes to the left and bicarbonate "mops up" excess hydrogen ions and forms carbonic acid then CO2