The plant fossil record was reviewed to highlight how consideration of plan
t carbon balance strengthens our understanding of various evolutionary inno
vation and extinction events. Following a brief physiological primer to car
bon acquisition and allocation in C3-plants, specific evolutionary events a
re discussed in connection with postulated carbon-based mechanisms. Primary
topics include: (i) the evolution of plants with the C4-photosynthetic pat
hway; (ii) the surprising lack of plant extinctions during the Pleistocene
(1.6 million years ago, Ma); (iii) the trend toward declining plant diversi
ty and increasing: rates of herbivory across the Palaeocene/Eocene transiti
on (57-52 Ma); and (iv) megaherbivore extinctions at the end of the Pleisto
cene (10 thousand years ago, Ka). A framework is presented for testing hypo
theses on the cause-effect relationships between global carbon cycling, pla
nt carbon dynamics and the evolution of terrestrial ecosystems.