A paradoxical negative greenhouse effect has been found over the Antarctic Plateau, indicating that greenhouse gases enhance energy loss to space. Using 13 years of NASA satellite observations, we verify the existence of the negative greenhouse effect and find that the magnitude and sign of the effect varies seasonally and spectrally. A previous explanation attributes this effect solely to stratospheric CO2; however, we surprisingly find that the negative greenhouse effect is predominantly caused by tropospheric water vapor. A recently developed principle-based concept is used to provide a complete account of the Antarctic Plateau's negative greenhouse effect indicating that it is controlled by the vertical variation of temperature and greenhouse gas absorption. Our findings indicate that unique climatological conditions over the Antarctic Plateau-a strong surface-based temperature inversion and scarcity of free tropospheric water vapor-cause the negative greenhouse effect.