With regard to the driving influences behind the warming of the last century, a graph of IPCC data on radiative forcing components is enlightening, for example with regard to the importance of solar variation. I could see where your CO2/radiative forcing graph came from, but it appears to be an IT site, not a scientific website. Despite your protestations, I believe we at least agree that the physics implies that more CO2 implies radiative forcing and this has a temperature-raising effect? Otherwise why did you post the graph? You claim the effect is "small", but you should realise that it is exactly those "small" numbers which have been used in all the predictive models.
With regard to the long term historical lag in CO2 levels compared with temperatures, bear in mind that there is no claim that the large scale cycle of glaciation is caused by fluctuations in CO2. It is accepted that the largest factor in these cycles are fluctuations in the Earth's orbit. The lag does provide very strong evidence for a long term historical positive feedback effect between temperature and CO2. It shows that an increase in temperature (from whatever cause) appears to tend to increase CO2 levels. This might be inferred to be true for a temperature increase that was partly caused by the greenhouse effect as well as a temperature change that was caused by the Milankovitch cycle. Note the logic here carefully.
Milankovitch cycles have to do with the precession of the Earth around the Sun changing the albedo of the planet, causing the earth to dip into and out of ice age in a very regular cycle. If the carbon dioxide was driving temperature to the degree proposed, the natural Milankovitch cycle temperature spike would occur after the spike in CO2, but it happens before (showing that in recorded history temperature has predominantly driven C02 and not the other way around). How can something happening afterwards be causing something prior? I note your logic but you seem to be using correlation to denote causality which is logically invalid.
The data set used by the IPCC to show temperature increase in the 20th century is widely disputed, (http://www.warwickhughes.com/papers/rsc03.htm, and http://climateaudit.org/multiproxy-pdfs/ )
also you say that the urban heat island effect is compensated for in the dataset's used? this would mean that recent temperatures would have been adjusted downwards with increasing urbanisation in the 20th/21st centuries. This graph lifted from NOAA shows that they have been doing exactly the opposite.
this would increase (not decrease) the impact of the urban heat island effect in the temperature reconstructions, and make it look like it is warming more than it is.
Given that the data they are using as input to their models is skewed towards warming, it is not surprising that they are expecting such large radiative forcing effect from CO2 as they are attributing this artificial warming to it now.
there is an interesting discussion on physicsforum.com about different peoples calculations of the radiative forcing capacity of CO2,(http://www.physicsforums.com/showthread.php?t=174215) and they get around 1 degree kelvin for doubling CO2.
elroch: Would we be morally culpable? Yes, I don't deny this. So I support preventing such adverse effects were possible. But if necessary, we can prevent the effects without limiting the cause too much.
Also, some plans to sequester carbon in the deep sea would be interesting. Personally, if the disruption of native life would be minimal due to keeping safe limits of dumping in the carbon, I think we could store lots of CO2.