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The Morality of Market Mechanisms to Control Pollution

Wilfred Beckerman and Joanna Pasek
Authors registered in the RePEc Author Service: David Bloom

World Economics, 2003, vol. 4, issue 3, 191-207

Abstract: 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.

Date: 2003
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