ABSTRACT

As pointed out earlier, with regard to economics, environmental practitioners do not necessarily have to be economists but should have a general footing in a variety of economics principles. This makes sense when we consider that most environmental decisions are based on economic considerations-a situation that is unlikely to change in the years ahead. Moreover, it is also important to consider that maintaining or sustaining our environment along with the prevention of environmental harm and/or the correction of harmful situations is not effected without cost. Unfortunately, even the most conscientious environmental practitioner often forgets or overlooks the financial implications when providing additional design measures for minimal environmental impact or corrective applications for mitigation. By doing so, the practitioner ends up with a plan that does not get funded or one that is underfunded.