The United Nations Framework Convention on Climate Change and the corresponding national low-carbon policy should be grounded on the scientific understanding of climate sensitivity to the increase in CO2 concentration. This is, however, precluded by the fact that current estimates of the climate sensitivity highly vary. To understand the scientific background, limitations, and prospects of the climate sensitivity study, this paper reviews, as objectively as possible, the most recent results on the sensitivity issue. Theoretically, the climate sensitivity hinges on climate feedbacks from various atmospheric and surface physical processes. Especially cloud and sea-ice processes associated with shortwave radiation are known to have largest uncertainty, resulting in an inaccurate estimation of climate sensitivity. For this reason, recent observational studies using satellite data suggest sensitivity lower than or similar to those estimated by climate models (2-5 K per doubled CO2).