Photorespiration is the process that involves the loss of fixed carbon as CO2 in plants in presence of light.
It is also known as the C2 cycle. It is initiated in the chloroplasts, but it seems to occur in peroxisomes.
This process does not produce ATP or NADPH & is a wasteful process.
Photorespiration occurs usually when there is a high concentration of oxygen.
Under such circumstances, RuBisCO, the enzyme that catalyzes the carboxylation of RuBP during the first step of the Calvin cycle, functions as an oxygenase.
Some O2 does not bind itself to RuBisCO and hence CO2 fixation is decreased.
The RuBP binds with Oxygen to form one molecule of PGA (3C compound) and phosphoglycolate (2C compound) in the pathway of photorespiration.
Rather, it results in the release of CO2 with the utilization of ATP.
It leads to a 25% loss of the fixed CO2. O2 is first utilized in chloroplasts and then in peroxisomes.