ABSTRACT
Foremost in importance among these changes has been a transition in many governments' attitudes to fulfilling their role as caretaker of environmental quality. A question remains, however, concerning the propriety of managing a publicly provided good, such as the regulation of water and air quality, through market mechanisms such as optimal taxes and transferable quotas. There are a number of options open to us if we wish to object to the privatization of the regulation of environmental quality from an ethical perspective. This chapter suggests that the shift to privatization of environmental regulation can be challenged closer to its own economic ground, a move considered somewhat unusual by many environmental ethicists. It argues that inside the economic definition of a "pure public good" resources already exist for challenging the privatization of environmental regulation. Publicly provided goods are goods that may not be traded as commodities, as determined by a public policy.
