“Volcanic eruptions can enhance global warming by adding CO2 to the atmosphere. However, a far greater amount of CO2 is contributed to the atmosphere by human activities each year than by volcanic eruptions. Volcanoes contribute about 110 million tons/year, whereas other sources contribute about 10 billion tons/year. The small amount of global warming caused by eruption-generated greenhouse gases is offset by the far greater amount of global cooling caused by eruption-generated particles in the stratosphere (the haze effect). Greenhouse warming of the earth has been particularly evident since 1980. Without the cooling influence of such eruptions as El Chichon (1982) and Mt. Pinatubo (1991), described below, greenhouse warming would have been more pronounced.”
http://www.geology.sdsu.edu/how_volcanoes_work/climate_effects.html
Water vapor, a greenhouse gas fluctuates much more than 0.008% (1/125th of 1%).