An Anglo-French team analysed the amount of ancient atmospheric argon gas (Ar) isotopes dissolved in the bubbles and found levels were very different to those in the air we breathe today.
The findings help explain why Earth didn't suffer its first ice age until 2.5 billion years ago, despite the Sun's rays being weaker during the early years of our planet's formation, researchers said.
"The water samples come from the Pilbara region in north-west Australia and were originally heated during an eruption of pillow basalt lavas, probably in a lake or lagoon environment," said author Dr Ray Burgess, from the University of Manchester's School of Earth, Atmospheric and Environmental Sciences.
"This is something that has baffled scientists for years but our findings provide a possible explanation," he added.
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The study revealed that the ratio of two argon isotopes - 40Ar, formed by the decay of potassium (40K) with a half-life of 1.25 billion years, and 36Ar - was much lower than present-day levels.
The team used the argon isotope ratio to estimate how the continents have grown over geological time and found that the volume of continental crust 3.5 billion years ago was already well-established being roughly half what it is today.
"High levels of the greenhouse gas carbon dioxide in the early atmosphere - in the order of several per cent - which would have helped retain the Sun's heat, has been suggested as the reason why the Earth did not freeze over sooner, but just how this level was reduced has been unexplained, until now," Burgess said.
"The carbon dioxide removed from the atmosphere by this process is stabilised in carbonate rocks such as limestone and if a substantial volume of continental crust was established, as revealed by our study, then the acid weathering of this early crust would efficiently reduce the carbon dioxide levels in the atmosphere to lower global temperatures and lead to the first major ice age," he said.
The study was published in the journal Nature.