Hemoglobin is a conjugated protein found in red blood cells that carries oxygen from the lungs to tissues and carbon dioxide from tissues to the lungs. It is composed of globin and heme. Globin contains four polypeptide chains (two alpha and two beta or gamma or delta chains) and four heme groups. Heme contains iron that reversibly binds oxygen. Hemoglobin binding of oxygen is cooperative, allowing for efficient oxygen delivery to tissues. Its affinity for oxygen decreases in tissues due to Bohr and BPG effects, promoting oxygen release to tissues.