For a planet beset by the negative impacts of climate change, it has long been assumed there would be at least one significant benefit: rising carbon dioxide levels would lead to huge growth in the world's grasslands.
Grasslands cover one third of the world's land area.
They are worth over $22 billion a year to Australia's economy and account for over 40 per cent of the country's agricultural productivity.
A "bonanza" of rising productivity has been widely expected, with suggestions of a 20 per cent increase in grassland growth rates thanks to the fertilisation effects of increased CO2 in the atmosphere.
But new research published in the journal Nature Plants shows that for these expectations to be met it needs to rain in the right places at the right times. And that is not going to happen.