1. The rate of increase is extremely fast because its being induced by a non-natural process
2. Increased CO2 will lead to increased warming, which will **greatly** increase drought frequency and severity
3. Heatwaves will also be more extreme and more frequent
If, hypothetically, CO2 increased at a slow rate while also keeping the temperature the same due to some type of hidden variable such that heatwave + drought severity and frequency would not increase, then I think it would have a higher chance at benefitting nature.
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