Leaf respiration continues in the light but at a reduced rate. This inhibition is highly variable, and the mechanisms are poorly known, partly due to the lack of a formal model that can generate testable hypotheses. We derived an analytical model for non-photorespiratory CO2 release by solving steady-state supply/demand equations for ATP, NADH and NADPH, coupled to a widely used photosynthesis model. We used this model to evaluate causes for suppression of respiration by light. The model agrees with many observations, including highly variable suppression at saturating light, greater suppression in mature leaves, reduced assimilatory quotient (ratio of net CO2 and O2 exchange) concurrent with nitrate reduction and a Kok effect (discrete change in quantum yield at low light). The model predicts engagement of non-phosphorylating pathways at moderate to high light, or concurrent with processes that yield ATP and NADH, such as fatty acid or terpenoid synthesis. Suppression of respiration is governed largely by photosynthetic adenylate balance, although photorespiratory NADH may contribute at sub-saturating light. Key questions include the precise diel variation of anabolism and the ATP : 2e -ratio for photophosphorylation. Our model can focus experimental research and is a step towards a fully process-based model of CO2 exchange.Key-words: alternative oxidase; carbon metabolism; Kok effect; photorespiration; photosynthesis; respiration.Abbreviations: A, net CO2 assimilation rate; Ao, net O2 evolution rate; AOX, alternative oxidase; Bn, net anabolic NADH supply; Bp, net anabolic NADPH demand; Bt, net anabolic ATP demand; ci, intercellular CO2 partial pressure; COX, cytochrome oxidase; fm, fraction of photorespiratory NADH that remains in mitochondria; fx, fraction of excess thylakoid reducing potential dissipated as NADPH export; G6PDH, glucose-6-phosphate dehydrogenase; I, incident PPFD; J, potential thylakoid e -transport rate; J′, Vc in RuBP-limiting conditions; Ja, actual thylakoid e -transport rate; Jm, max potential thylakoid e -transport rate; M, maintenance ATP demand; mETC, mitochondrial e -transport chain; O, ambient O2 partial pressure; OPPP, oxidative pentose phosphate pathway; pe, ATP : 2e -ratio, ADP phosphorylated per 2 e -transported to ferredoxin; po, P : O ratio, ratio of ADP phosphorylation to O2 reduction in mitochondria; pom, overall max P : O ratio; pom,ana, max P : O ratio for NADH generated in anabolic C flow; pom,cat, max P : O ratio for NADH derived from catabolic substrate oxidation; pom,cyt, max P : O ratio for cytosol derived NADH; pom,mtx, max P : O ratio for matrix derived NADH; PPFD, photosynthetic photon flux density; QY, quantum yield of CO2 from incident PPFD; Rc, rate of non-photorespiratory CO2 release; Ro, rate of O2 reduction by mitochondria; RuBP, ribulose-1,5-bisphosphate; S, net conversion of TP to sucrose and/or starch; t, net ATP demand resulting from S; TP, triose phosphate; Vana, rate of C flow into C skeletons for biosynthesis; Vby, rate of CO2 release due to ana...