Baseline Value

{
  "id": "MLC-T-ENV-002813",
  "term": "Baseline Value",
  "field": "Environment",
  "definition": "Baseline of an economic analysis is a reference point that reflects the world without the proposed regulation. It is the starting point for conducting an economic analysis of the potential benefits and costs of a proposed regulation. Because an economic analysis considers the impact of a policy or regulation in relation to this baseline, its specification can have a profound influence on the outcome of the economic analysis..",
  "references": [
    "EPA Guidelines for Preparing Economic Analyses Chapter 5 Baseline at http://yosemite.epa.gov/ee/epa/eerm.nsf"
  ],
  "url": "https://mlchart.com/terminology/environment/baseline-value/"
}