You are correct that the equilibrium change must follow the change in CO2. The point though is not whether the CO2 makes a change, but the magnitude of that change: The IPCC has us believe that it is an unstable, positive feedback-dominated system, which would result in large (potentially run-away) temperature changes. If it is dominated by negative feedback, then the temperature rises will be necessarily much lower (by their own models)
Ah, I see. So the idea is that the % change will be lower and thus the % damage will be lower. So what do we do? Clearly, we keep watching the science, because those models have got to shake out better and better each iteration. But what about politically? Ideally, the polluters would create a fund/obligation to compensate victims if the 'low damage' models turn out to be false: but I can't see any government doing that. I also can't see people admiting if they were wrong about the source of the damage. If any type of positive feedback mechanism kicks in, people will say "CO2 ppm is increasing because the oceans are releasing more! Not because of our pollution!" If there is positive feedback, we have the most available wealth right now to deal with it; if it kicks in, we'll have to burn more fossil fuels just to stay afloat financially.
OTOH, if we stabilize our CO2 ppm (for no good reason) then we have a scenario of all of us purchasing highly effective "elephant repellent" ("the lack of elephants means it's working!"). A whole bunch of whiners won't want to stop regulating CO2, regardless of risk.
Personally, I'm worried about the sea ice. It's melting, and I expect it to continue to melt due to AGW. And we can't really argue that the temperatures are rising.
I also still don't understand (fully) the cloud proposal: I can accept that the clouds are going to increase in albedo? Shouldn't we have seen some of that increase already? Shouldn't that be measurable on the ground?
Good example with the ice and the salt. I'm sure to use that analogy when I'm explaining the "clouds position" elsewhere. But isn't the 'upper limit' of expected temperature increase (due to CO2 ppm) somewhere much higher than what we're experiencing? I'm
not saying the ancient temps were driven entirely by CO2 release, but it certainly looks like "Earth's natural equilibrium range" is well outside our comfortable range.
As well, there do seem to be a lot of positive drivers, don't there?