There is a new paper on Science Express that examines the constraints on climate sensitivity from looking at the last glacial maximum (LGM), around 21,000 years ago [Schmittner et al (2011)] (SEA). The headline number (2.3ºC) is a little lower than IPCC’s “best estimate” of 3ºC global warming for a doubling of CO2, but within the likely range (2-4.5ºC) of the last IPCC report. However, there are reasons to think that the result may well be biased low, and stated with rather more confidence than is warranted given the limitations of the study.
Climate sensitivity is a key characteristic of the climate system, since it tells us how much global warming to expect for a given forcing. It usually refers to how much surface warming would result from a doubling of CO2 in the atmosphere, but is actually a more general metric that gives a good indication of what any radiative forcing (from the sun, a change in surface albedo, aerosols etc.) would do to surface temperatures at equilibrium. It is something we have discussed a lot here (see here for a selection of posts).