UN climate experts said on Sunday that emissions of three key greenhouse gases were at their highest levels in more than 800,000 years and Earth was on track for temperatures to rise by at least four degrees Celsius (7.2 degrees Fahrenheit) by 2100 over pre-industrial times.
Asked about the issue, Abbott said that coal, a key export commodity for Australia and source of energy, was still critical to the nation's economy.
"Coal is the foundation of the way we live because you can't have a modern lifestyle without energy. You can't have a modern economy without energy and for now and for the foreseeable future, the foundation of Australia's energy needs will be coal."
Abbott said the fossil fuel was also crucial for the world's energy needs and would help raise living standards in less developed countries.
"If we are serious about maintaining and improving living standards in countries like Australia we have to be serious about making the best use of coal," he added.
In its landmark review the UN's Intergovernmental Panel on Climate Change (IPCC) warned that unless carbon emissions were arrested, warming would bring worsening drought, flood, rising seas and species extinctions.
Abbott, who once said climate change science was "absolute crap", has previously made comments supportive of the mining industry, which produces the country's top two exports -- iron ore and coal.
In opening a Queensland mine last month, he declared "coal is good for humanity", adding that it was "very important that we sustain our faith in coal".
Following the release of the IPCC report, the Australian Greens called on for the nation's coal industry, worth some Aus$39.8 billion (US$34.6 billion) a year, to be scrapped.
"Four degrees is an unliveable planet, it is death to humanity," Greens leader Christine Milne said on Monday.
"Coal is bad for humanity and Tony Abbott is bad for Australia -- he is actually driving global warming with his economic policy and putting our future at risk not only environmentally and socially, but economically as well.
