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Without sound business logic, climate change policy is doomed

Credit: Wikimedia Commons/ Huw Williams

  The Canadian Climate Leadership Council recently proposed a plan that was supported by 27 Nobel laureates in economics and other business dignitaries, calling for the introduction of a national carbon tax starting at $40 per ton of carbon dioxide. The base argumentation used was primarily economic efficiency and climate fatalism. The underlying logic seemed closer to abstract academic theory than sound economic reasoning. More has been happening recently, with an obvious reference being made to Brexit, as politicians tend to lead the public without a clear understanding of the costs and consequences, jumping into reckless actions while lacking trustworthy and elaborate impact assessments and risk analyses.   Canada is one of the zealot countries, diehard supportive of climate change policies and the Paris accords. Ottawa has been on the