I'm going from a position of ignorance wrt how breathing works at the molecular level – how does the carbon arrive on site (which specific location) to combine with the oxygen, what membranes are involved, what vapour pressures and saturations might be pertinent. Ergo, I hadn't addressed the question as yet. Basically I'm asking is exertion the only limitation on the CO2 production.
[1] answers a lot of this.
Again with presumptions from biological ignorance, in low oxygen environments it seems we can't "burn" so much food, so oxygen saturation is definitely a limitation. Also we know that oxygen saturation varies, so even if STP oxygen percentage of air is the optimum sometimes we'll be sub-optimal - how does the body cope then?
[2] appears to answer that one.
What I take away from that, wrt my enquiry, is that under increased breathing [hyperventilation] renal compensation can kick in to combat the alkalemia caused by the respiratory alkalosis [reduction of available H+ ions in the blood, ie alkalination or increasing of pH] by extracting extra-cellular fluid bicarbonate [HCO3-, see [3]] and excreting it in urine.
Now I'm moving back up the pathways, is renal compensation deleterious (and at what point is that true). Does low level alkalosis with renal compensation cause an increase in removal of food products from the body?
At least it seems that we now have created an increased carbon removal by excreting HCO3- in urine!? [how much?]
So is there an increase in breathing frequency that maintains normal function, not "hyperventilating" (in the common usage of the term, that makes you dizzy), that doesn't cause harm? The question still stands I feel.
Also can you do something else that causes acidosis and cancel it out by increased breathing?
Apologies again, I'm clearly fumbling around here but I've not studied biology since I was 13 (decades ago).
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[1] https://en.wikipedia.org/wiki/Respiratory_acidosis#Mechanism
[2] https://en.wikipedia.org/wiki/Metabolic_alkalosis#Compensati...
[3] http://web.archive.org/web/20070930080050/http://www.lib.mcg..., via Wikipedia https://en.wikipedia.org/wiki/Renal_compensation