I don't know. My guess would be that the CO2 would be released to the atmosphere before the plant could uptake it.
At a presentation, Terry Root said that he sited OZ near a natural gas power plant as the CO2 created would help the plants. Not sure if the CO2 concentration was higher at a local level.
Maybe this could work with Phrags grown in water (and have a regulator constantly emit CO2 bubbles intermittently)? In the aquarium hobby, some people use CO2 in their tanks to help their plants uptake extra CO2. But another "trick" is to grow many of these plants emersed so that the plant sticking out of the water can more easily obtain atmospheric CO2, which has higher concentrations than in the water. So maybe this won't work for phrags as well?