Removal of carbon dioxide from fossil-based power generation is a potentially useful technique for the reduction of greenhouse gas emissions. Reversible interaction with aqueous amine solutions is most promising. In this process, the formation of carbamates is an important reaction of carbon dioxide. In this contribution, a detailed molecular reaction mechanism for the carbamate formation between MEA (monoethanolamine) and dissolved CO2 as well as carbonate species in aqueous solution is presented. There are three parallel, reversible reactions of the free amine with CO2, carbonic acid, and the bicarbonate ion; the relative importance of the three paths is strongly pH dependent. Kinetic and equilibrium measurements are based on H-1 NMR and stopped-flow measurements with rate constants, equilibrium constants, and protonation constants being reported.