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Look it's not that hard. Is <problem> (in this case, pollution) a problem that needs solving? If the answer is yes, then it needs to be regulated even if you personally don't like laws. Sorry!
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Why is <problem> a problem? Because you say so? If it's such a problem, why is it so cheap to do? What cost is unaccounted?

By definition externality is not priced in by the market.

Why should I believe an externality exists in this situation? What is the evidence?

> If it's such a problem, why is it so cheap to do?

Why would you assume it doesn’t based on price when externality by definition is not accounted for in price?




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