Recent analysis of monthly mean cloud data from the International Satellite Cloud Climatology Project uncovered a strong correlation between low cloud and the cosmic ray flux for extensive regions of the Earth. Additional data have been recently released covering the period up to September 2001 with which we have made a new study of the geographical variation of the correlation between low cloud and predicted ionization level from cosmic rays at an altitude of 2 km. When analysed globally, we find that the correlations do not correspond to the latitude variation of cosmic ray flux and they are not field significant. Nonetheless they appear to be marginally field significant over broad latitude and longitude bands with a peak positive correlation at 50 degrees North and South and a tendency to negative correlation at lower latitudes. The correlation is strongest over the North and South Atlantic. Several of these features are consistent with the predictions of the electroscavenging process. We use a simple model to calculate the climatic impact should the correlation be confirmed. We show that, under the most favorable conditions, a reduction in low cloud cover since the late 19th century, combined with the direct forcing by solar irradiance can explain a significant part of the global warming over the past century, but not all. However, this computation assumes that there is no feedback or changes in cloud at other levels.