baseline scenario

{
  "id": "MLC-T-ENV-002812",
  "term": "baseline scenario",
  "field": "Environment",
  "definition": "1. In environmental economics, a scenario in which current conditions (i.e., without any policy change) are projected into the future. The baseline scenario forms a comparative basis for one or more \"policy scenarios\" in which the effect of introduced policies are simulated into the future. (source: FML Team)\n\n2. In environmental economics, a scenario in which current conditions (i.e., without any policy change) are projected into the future. The baseline scenario forms a comparative basis for one or more \"policy scenarios\" in which the effect of introduced policies are simulated into the future.\n\n3. Describes an initial, status quo scenario that is used for comparison with one or more alternative scenarios. In typical economic analyses the baseline is defined as the best assessment of the way the world would evolve absent the regulation or policy action.",
  "subject": "Ecosystems",
  "references": [
    "Core Ecosystem Services Research Program Standard Lexicon",
    "Economic Analyses Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/baseline-scenario/"
}