We present an experimental characterization of the effects of turbulence an
d breaking gravity waves on air-water gas exchange in standing waves. We id
entify two regimes that govern aeration rates: turbulent transport when no
wave breaking occurs and bubble dominated transport when wave breaking occu
rs. In both regimes, we correlate the qualitative changes in the aeration r
ate with corresponding changes in the wave dynamics. In the latter regime,
the strongly enhanced aeration rate is correlated with measured acoustic em
issions, indicating that bubble creation and dynamics dominate air-water ex
change.