Abstract. Leaf gas-exchange models show considerable promise as paleo-CO2
proxies. They are largely mechanistic in nature, provide well-constrained
estimates even when CO2 is high, and can be applied to most
subaerial, stomata-bearing fossil leaves from C3 taxa, regardless of age
or taxonomy. Here we place additional observational and theoretical
constraints on one of these models, the “Franks” model. In order to gauge
the model's general accuracy in a way that is appropriate for fossil studies,
we estimated CO2 from 40 species of extant angiosperms, conifers, and
ferns based only on measurements that can be made directly from fossils (leaf
δ13C and stomatal density and size) and on a limited sample
size (one to three leaves per species). The mean error rate is 28 %,
which is similar to or better than the accuracy of other leading
paleo-CO2 proxies. We find that leaf temperature and photorespiration
do not strongly affect estimated CO2, although more work is warranted
on the possible influence of O2 concentration on photorespiration.
Leaves from the lowermost 1–2 m of closed-canopy forests should not be used
because the local air δ13C value is lower than the global
well-mixed value. Such leaves are not common in the fossil record but can be
identified by morphological and isotopic means.