There is quite a bit of buzz surrounding a talk and pending paper from Prof. Murray Salby the Chair of Climate, of Macquarie University. Aussie Jo Nova has excellent commentary, as has Andrew Bolt in his blog. I’m sure others will weigh in soon.
In a nutshell, the issue is rather simple, yet powerful. Salby is arguing that atmospheric CO2 increase that we observe is a product of temperature increase, and not the other way around, meaning it is a product of natural variation. This goes back to the 800 year lead/lag issue related to the paleo temperature and CO2 graphs Al Gore presented in his movie an An Inconvenient Truth, Jo Nova writes:
Over the last two years he has been looking at C12 and C13 ratios and CO2 levels around the world, and has come to the conclusion that man-made emissions have only a small effect on global CO2 levels. It’s not just that man-made emissions don’t control the climate, they don’t even control global CO2 levels.