Mann writes at LiveScience:
The IPCC reports a likely range of 1.5 to 4.5 degrees Celsius (roughly 3 to 8 degrees Fahrenheit) for this quantity, the lower end having been dropped from 2.0 degrees C in the fourth IPCC assessment. The lowering is based on one narrow line of evidence: the slowing of surface warming during the past decade.
Yet there are numerous explanations of the slowing of warming (unaccounted for effects of volcanic eruptions and natural variability in the amount of heat buried in the ocean) that do not imply a lower sensitivity of the climate to greenhouse gases. Moreover, other lines of evidence contradict an equilibrium climate sensitivity lower than 2 degrees C. It is incompatible, for example, with paleoclimate evidence from the past ice age, or the conditions that prevailed during the time of the dinosaurs. (See this piece I co-authored earlier this year for the Australian Broadcasting Corp. for a more detailed discussion of the matter.)