Alkalinity is a measure of negatively charged ions in the water which can buffer ph swings up or down . Ph is a measure of positively charged H protons which lower ph. CO2 has no effect on alkalinity.
The process is always moving as CO2 from the surrounding air plays in and creates an equilibrium :as it does , the CO2 adds H + and bicarbonate as it hydrolizes to carbonic acid in water: CO2 +H20= CH2O3 . Then almost all of it disassociates to CHO3( bicarbonate) and H+ in salt water : H2CO3 = HCO3 = H+ . The bicarbonate is one unit of alkalinity, ie one negatively charged ion. The H+ adds one unit of acidity . So, the effect of CO2 on alkalinity is zero. but the effect of CO2 additions on ph is to lower it. So you can have high alk and low ph and vice versa
Quoted from johanthon