There are two main bottlenecks in the system. A hard boundary at the surface (mostly ocean), and a fuzzy one at the cloudtops. Water already moves the majority of energy from surface to cloud top via latent heat and convection. Any extra retained energy from CO2 is mostly shunted into the water cycle already. Clouds increase the albedo and decrease the incoming solar radiation. You don't even have to have more clouds. Cloud formation at 11am instead of noon would be an effective umbrella to cool the surface. Likewise delayed formation to 1pm would warm the surface. That is one of the reasons the Earth stays in the Goldilocks Zone despite changing conditions.
Not sure I am able to follow you here, Ian. Let me focus on two phrases I think are most in need of clarification:
Water already moves the majority of energy from surface to cloud top via latent heat and convection.
Majority meaning what part of energy? The energy from the earth's surface, or the energy driving cloud formation?
Any extra retained energy from CO2 is mostly shunted into the water cycle already.
No clue, really, what "extra retained energy from CO2" is supposed to mean, nor how it would be shunted into the water cycle. Care to clarify? If you meant to say, the overwhelming part of the extra energy trapped in the earth's system due to the rising CO2 concentration is stored away in the oceans, we're on the same page.
Sure, you're new here. I don't mind repeating it for the (n)the time.
Trenberth's cartoon is a graph showing radiative balances. I don't necessarily agree with the numbers but it is a start. In the middle it states that ~100w of the 165w of solar insulation at the surface is moved aloft by latent heat and convection. Another 40w directly escapes to space through the atmospheric window. That leaves 25w that churns through the atmosphere to the cloud tops.
CO2 interferes with that 25w. The radiative change returning to the surface can warm the surface or take the alternate route out by water cycle. But not both.
Obviously the surface must warm at least a little, otherwise more energy would ALREADY be going up the latent/convection route.
100 out of 165 is more than half, therefore it is the majority of the heat loss for the surface.
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