Well... is it really? Just because someone can pump out some kind of product that someone will buy doesn't mean it's actually worth any externalized cost whatsoever.

It's one thing of we're talking food production and housing. Completely different if we're talking McDonald's happy meal toys.

Like, does the same argument apply to noise pollution? Are we alright installing a factory next to the symphony hall so long as the factory "owns" their land?

I think as our technology and understanding of the world grows we ought to change with it.

But who decides what is "worth" it and what isn't?

Driving around in an electric car "generates" carbon credits while biking or staying at home doesn't. None of these activities remove carbon from the atmosphere. It's just completely willy-nilly politics.