The Governor of the central bank of Australia, the Reserve Bank, has warned that Australians should expect to pay more for energy once a carbon emissions trading scheme has been implemented. Article here.

“AUSTRALIANS must accept that emissions trading is designed to make them pay more and lower their standard of living, at least [...]

The Australian Government is considering a bold plan for carbon capture and carbon storage under the nation’s seabead, according to the SMH.
“The federal Energy Minister, Martin Ferguson, said yesterday the plan was vital to making Australia a leading player in clean coal technology.
“Coal will continue to make a major contribution to Australia’s energy needs [...]

Perhaps a cynic would expect the CEO of a telecommunications operator to believe that increased use of telecoms for teleworking and conference calling can reduce carbon emissions, as Sol Trujillo of Telstra in Australia has argued. But even naked self-interest is good, if it helps us avoid catastrophic climate change.
The Telstra [...]

with applause for Australia for signing up to Kyoto.

A prominent Australian economist, Ross Garnaut, has called for an independent central agency to manage emissions trading in Australia, according to the Sydney Morning Herald.
“Ross Garnaut warned yesterday that climate change was a “diabolical policy problem” and that Australia stood to be damaged more than any other developed country because of its already hot, changeable [...]