Rubisco, or ribulose-1,5-bisphosphate carboxylase/oxygenase, is a crucial enzyme in the Calvin cycle responsible for catalyzing the attachment of CO2 to ribulose-1,5-bisphosphate, resulting in the formation of 3-phosphoglyceric acid. The enzyme is composed of large subunits encoded by the chloroplast genome and small subunits encoded by the nuclear genome, requiring precise assembly and regulation for activity. Rubisco activity is influenced by environmental factors such as light and CO2 concentration, with regulatory mechanisms involving activation by rubisco activase and inhibition through naturally occurring regulators.