Market and property-rights based approaches to environmental problems have been heavily promoted by conservative think tanks. Consequently policies such as emissions trading, water markets, tradeable fishing quotas and conservation banking pervade environmental policy in English speaking nations. They have enabled the corporate neo-liberal agenda of deregulation, privatisation and an unconstrained market to be dressed up as an environmental virtue. This market-faith based approach is proving to be largely ineffective at protecting the environment and also inequitable.
Beder, S, The corporate agenda for environmental property rights, Property rights and sustainability: the evolution of property rights to meet ecological challenges, New Zealand Centre for Environmental Law Conference, Auckland, New Zealand, 16-18 April 2009. Original conference information available here