There is not going to be, we can be quite certain, there's not going to be any action on reducing greenhouse gas emissions by China or India or Indonesia or Brazil unless all developed countries are making a major effort. It will still be a big job to get them in, even if we are all making the effort. But our making the effort is a necessary condition.

The climate change problem is at its heart an ethical problem. It's a problem of income distribution and it's a problem of income distribution with dimensions that we don't usually think about very much.

A revolution in humanity's use of fossil fuel-based energy would be necessary sooner or later to sustain and to extend modern standards of living. It will be required sooner if we are to hold the risks of climate change to acceptable levels. The costs that we bear in making an early adjustment will bring forward, and reduce for future times, the costs of the inevitable eventual adjustment away from fossil fuels.

I see myself as a climate change skeptic and a skeptic looks at the evidence and bases conclusions on the evidence rather than on belief. To hold the view that this is not an issue that you need to do something about, to hold the view that it's all a furphy takes belief.

It is a simple fact of life on earth that there is going to be no successful mitigation of the climate change problem without a truly global effort. All developing companies or all major developing countries have to be part of that and accept substantial constraints on greenhouse gas emissions.

Carbon capture and storage, its commercial development.. is going to be the key to the future of coal. If it is successful commercially, then the Australian coal sector will be a center of prosperity and growth; if it's not successful then it won't be. I think in the long run it's as simple as that.

The international equity question arises from the costs of climate change itself and mitigation varying greatly across countries. It is affected by the historical responsibility for current greenhouse gas emissions, which countries which were not responsible for what's in the atmosphere now think are very important. Currently rich countries don't think those issues are very important.