Probable causes

The incomplete combustion of fossil fuels (such as diesel) and wood releases black carbon into the air. Though black carbon, most of which is soot, is an extremely small component of air pollution at land surface levels, the phenomenon has a significant heating effect on the atmosphere at altitudes above two kilometers (6,562 feet). Also, it dims the surface of the ocean by absorbing solar radiation.
Experiments in the Maldives (comparing the atmosphere over the northern and southern islands) in the 1990s showed that the effect of macroscopic pollutants in the atmosphere at that time (blown south from India) caused about a 10% reduction in sunlight reaching the surface in the area under the pollution cloud — a much greater reduction than expected from the presence of the particles themselves. Prior to the research being undertaken, predictions were of a 0.5–1% effect from particulate matter; the variation from prediction may be explained by cloud formation with the particles acting as the focus for droplet creation. Clouds are very effective at reflecting light back out into space.
The phenomenon underlying global dimming may also have regional effects. While most of the earth has warmed, the regions that are downwind from major sources of air pollution (specifically sulfur dioxide emissions) have generally cooled. This may explain the cooling of the eastern United States relative to the warming western part.
However some research shows that black carbon will actually increase global warming being second only to CO2. They believe that soot will absorb solar energy and transport it to other areas such as the Himalayas where glacial melt occurs. It can also darken Arctic ice reducing reflectivity and increasing absorption of solar radiation.
Some climate scientists have theorized that aircraft contrails (also called vapor trails) are implicated in global dimming, but the constant flow of air traffic previously meant that this could not be tested. The near-total shutdown of civil air traffic during the three days following the September 11, 2001 attacks afforded a rare opportunity in which to observe the climate of the United States absent from the effect of contrails. During this period, an increase in diurnal temperature variation of over 1 °C (1.8 °F) was observed in some parts of the U.S., i.e. aircraft contrails may have been raising nighttime temperatures and/or lowering daytime temperatures by much more than previously thought.
Airborne volcanic ash can reflect the Sun's rays back out into space and cool the planet. Dips in earth temperatures have been observed from large volcano eruptions such as Mount Agung in Bali that erupted in 1963, El Chichon (Mexico) 1983, Ruiz (Colombia) 1985, and Pinatubo (Philippines) 1991. But even for major eruptions, the ash clouds remain only for relatively short period.