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Since the rise of environmental awareness business and industry have always considered environmentalism a waste of time only getting in the way of profits and production From the perspective of business environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices What business and the economy do not know is that they can actually save money by being environmentally responsible while protecting the very resources they depend on The protection of the environment not only has fundamental values but also economical values Business and industry can also benefit these factors can lead to a newly developed economy that protects what it needs instead of destroying it Despite historical differences between advocates of business and the environment the fact is the two can and must utilize each other for the future success of both It is important in order for the economy to see the environment worth something to put an economic value on it For this reason a group of scientists for the Center for Social and Economic Research on the Global Environment have developed an economic valuation for the environment According to them it is necessary to impute a value to environmental goods or services Pearce et al online This value is necessary because the economy needs to see that the protection of the environment can prove cost worthy to business and industry The purpose of valuation is to show true costs of using up scarce environmental resources It is a way for environmentalists and economists to put a dollar figure on the services the environment provides Robert Costanza an ecological economist from the University of Maryland has done just this The estimate of services provided by ecosystems worldwide is 33 trillion dollars annually surpassing the gross national product of al the countries on earth combined by eight trillion dollars Zimmer 105 The environment provides services not only commercially such as timber but also
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