PETM: Global Warming, Naturally | Weather Underground
The Earth has undergone many episodes of natural global warming and cooling and by various causes. The Earth's most common mechanism for climate change are Milankovitch cycles—variations in the Earth's orbit that change its distance from the Sun, which spur ice ages and subsequent warming. Other changes in Earth's past climate were caused by the same processes causing today's warming. The Paleocene-Eocene Thermal Maximum (PETM), which occurred around 56 million years ago, is the most recent event that we can compare today's warming to. Global temperatures rose at least 5°C (9°F), and the PETM warmth lasted 200,000 years before the Earth system was able to remove the extra CO2 from the atmosphere. The resulting impact on Earth's climate was so severe that a new geological era was born—the Eocene. Earth's ecosystems were able to adapt to the PETM because the warming was gradual; however, the warming we're causing today is about 10 times as fast, and Mother Nature might not be able to keep up with the changing climate this time around.
Well yes, there was quite a spike in CO2 at that time. And an extinction event for benthic organisms.
Yes, due to an ANOXIC environment. Not heat you 'tard!