McKitrick and McIntyre's study is not the smoking gun it was previously. Their analysis is being picked apart now much how they themselves picked apart Mann's 1998 study.
http://www.realclimate.org/index.php?p=11
There have been several newer studies out that indicate both pro's and con's of both camps' work. But this always happens during stringent peer review. Currently there is no global warming flavor of the week. In the case of the "Mann vs. McKitrick and McIntyre" debacle (not a pretty spectacle to behold), Mann has been cleaning up his shoddy statistics models, and M&M are fast trying to become qualified experts on climate change (which neither is, professionally). They both continue to yell at each other quite a lot, and there are little camps of extremist followers closely catering to each, and blogging up the internet.
The hockey-stick model has a great deal of viewership to the general public (no thanks to the U.N.), but it's merely one cog in the wheel of ongoing climate studies. There is a great deal of misconception going around where people are stating that global warming isn't happening, because "Mann's hockey-stick graph has been refuted". There is certainly far more going on than just Mann's study. Some work supports global warming, some doesn't. Most work supports it now. It's the manmade factor that's problematic.
As for CO2, yes there is a great deal of conflict in much of the atmospheric-based studies. But it's the water column that's key here, as all it takes is small changes in dissolved CO2 content to create pH imbalances. The oceans are also where all the "missing CO2" has been discovered of late. This is what happens when oceanographers don't communicate with climatologists... we've known about carbon sequestering in oceanic basins for decades.
Volcanic eruptions do funny things to global climate... they
lower global air temperatures. When all that sulfur dioxide gets blasted up into the stratosphere, they go into aerosol form and block sunlight from getting to Earth. This can last years.
There seems to be a negative feedback regarding volcanoes and climate change, whereby the effects of greenhouse gases released are counterbalanced by the sulfur dioxide cooling processes.
... And here's what increased CO2 entrainment in the water column is theorized to do to corals...
http://news.bbc.co.uk/1/hi/sci/tech/3605908.stm
This data is based in part from the findings from a colossal 9-year water sampling program that wrapped up in 1998. Folks in our Geosciences College still won't shut up about it. And to think, just a few years back people (me included) were seriously questioning the costs of all those bloody JGOFS expeditions.
http://www.spacedaily.com/news/climate-04zz.html
I recall recent reports stating that general oceanic pH has dropped by 0.1 over the last century, which doesn't sound like much unless you understand ocean water chemistry. Minute changes reduce buffering capability significantly. For people that keep live coral in aquaria, you understand this all too well. There's a ton of studies kicking into gear right now to look for
actual effects on marine ecosystems... there isn't much data available at present to look at, other than theoretical models. But the most recent consensus on ocean pH is that it likely never deviated more than 0.7 since the late Paleozoic, except during global cataclysmic events. There are some questions regarding whether or not pH levels during Cenozoic glacial periods were higher than during interglacial periods (like we're in now); resolvement of
this will provide a great deal of support for/against manmade effects. The oceans have been seen to have a remarkable ability to save our bacon from all sorts of nasty environmental problems, and it's likely they'll continue to do for quite some time. But this pH thing is scarier than most issues, and nobody wants to see coral poop out because of CaCO3 uptake limitations. That's not an easy fix relative to direct manmade impacts on tropical reefs (not like cleaning up sewage is easy either). But it'll keep the chemical and geological oceanographers employed for the next decade, bleah!
I hate chemistry.