Jeff M has a point (as well as some nice links): Most of what CO2 can absorb is already being absorbed. (Actually, I think he only meant to point out that CO2 can absorb significant amounts in IR even in its current trace amounts.)
Adding more CO2 will cause convective forces to become more important in transferring heat upward. These convective forces are already making important contributions.
http://resources.metapress.com/pdf-preview.axd?code=vl7536426072q7j7&size=largest
(full text) http://www.springerlink.com/content/vl7536426072q7j7/fulltext.html
This does not mean that adding more CO2 will have no effect, but the amount of effect is highly questionable. Theoretically, adding more CO2 will make progressively less difference.
http://en.wikipedia.org/wiki/Beer%E2%80%93Lambert_law
Recently, the amount of CO2 in the atmosphere has been increasing significantly,
http://en.wikipedia.org/wiki/Keeling_Curve
but the global temperatures have not seemed to respond.
http://www.ssmi.com/msu/msu_data_description.html#msu_amsu_time_series
Especially, not at the 6 Km altitude, where the atmosphere would heat up the most if CO2 were the driver.
http://www.realclimate.org/index.php/archives/2004/12/why-does-the-stratosphere-cool-when-the-troposphere-warms/
Warmers try to paper over the problem saying that the results allow a slight possibility that the data could be wrong, and it could still possibly be CO2 doing the warming.
http://www.worldclimatereport.com/index.php/2004/07/19/the-data-weigh-in/
Edit @Paul B:
"water vapour is removed by rain and snow whereas there is no such mechanism for CO2, and that water vapour is a driven amplifier whereas anthropogenic CO2 is a driver."
The ocean provides such a mechanism for CO2 removal from the atmosphere. CO2 longevity in the atmosphere is ~5 years.
http://www2.canada.com/components/print.aspx?id=433b593b-6637-4a42-970b-bdef8947fa4e
The positive feedback mechanism does not over ride Le Chatlier's Principle.
http://en.wikipedia.org/wiki/Le_Chatlier%27s_principle
To do so would be to assume that our atmosphere is in a meta stable condition, not a true equilibrium. The only reason that we have remained in the current state is due to our never having been this warm before. A few more degrees, and our world is destroyed. Ridiculous!
http://commons.wikimedia.org/wiki/File:Holocene_Temperature_Variations.png
Edit @Jeff M:
My apologies. Your point seemed to me to be that despite being a trace gas, it was still quite capable of absorbing significant amounts of IR. I seem to have overstated the case you were trying to make. Nevertheless; good point.
As for the ssmi graphs; the warmers in the literature I linked to made the same point you just did. However, read them again, and you will see that:
All 23 of the models assumed that the 6Km altitude would warm FASTER than the surface. This is due to the need for the CO2 to heat the surface by trapping the heat at that level. When this did not occur, they determined that the 6Km altitude would be a "pivot" point below which it warms, and above it it cools. In the other paper, they tried to discredit the satellite measurements with statistics. Neither paper impeached the negative result.
"Your springerlink doesn't state anything about it being 344ppm in 1878 and suddenly falling to below 300ppm in two years. Actually the number 344 does not exist in that page."
Correct! That information is on the next page. When I first went to that site, the next page was also free, but now you need to put in your credit card to read it. Sorry.
I do not care what Michael Fox endorses. I linked to a literature review by some scientists, and not to a list of signatures. Sorry if you do not like such things sharing space on a hard drive with political petitions. I really did not check out the rest of the site.