After >29 years in environmental compliance and remediation consulting (US) I will communicate that multiple clients have confirmed that operating in a manner that is compliant with HSE practices and requirements is more profitable over the long run.
So economic development does not require the costs of pollution. This does however require a long term commitment from the economic drivers to maintain stringent practices. This is easily derailed by shortsighted measures.
A respectable answer from a specialist and expert in this area or specialization of the professor Dr. Ned Murphy
So what will happen if economic development does need require a costs of pollution?
I believe that scientists will work to solve the pollution through the achievement of technological development and patents that will contribute to the promotion of economic development and reduce the proportion of environmental pollution and this is the cost of economic development and at the same time save the environment from pollution.
Considering perspective from working within and outside of the US, I am certain that technological controls alone will not overcome short term greed and poor management practices. Also, please consider that it is much more cost efficient for economies to contain their pollution than to clean them up later.
However, sectors of the economies may realize gains from shorter term practices including discharge of waste materials without concern for long term adverse ecological and human health effects. Therefore, I suggest that the more effective remedies are in economics and policies and then developing straightforward and cost effective routes for handling waste products. There has to be a financial benefit for the waste generators choosing to not pollute. Otherwise, they will continue to pollute and leave the problem for others to address at significant costs. This is seen through the environmental history of human development and especially with the Industrial Revolution due to the scale of pollutant mass being discharged to the environment vs reclaimed or otherwise prudently managed.