Hi Milton
I have a ScanGauge as well as an OBDII scanner, I'm fairly sure that the CO2 reading is a representation via calculation of the O2 sensors and other factors, there are no physical CO2 sensors in any vehicles that I know of.
The scangauge is good for watching your mileage at run-time but I would still recommend getting and OBDII scanner.
Karl Fortner
Tacoma, Washington