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Title: The Morality of Market Mechanisms to Control Pollution
Author: Wilfred Beckerman & Joanna Pasek
Published: September 2003
Pages: 191-207
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The use of pollution charges or tradeable permits to reduce pollution has been condemned by many environmentalists and some philosophers on the grounds that (i) pollution is inherently immoral; (ii) environmental assets are not appropriately valued in monetary terms; and (iii) the sale of ‘environmental indulgencies’ is inequitable since it unfairly favours the rich. In this article it is argued that all these arguments are invalid.

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