Societal Cost Test

{
  "id": "MLC-T-ENV-025923",
  "term": "Societal Cost Test",
  "field": "Environment",
  "definition": "1. A variation of the total resource cost test that includes monetized effects of externalities benefits and may use a \"social\" discount rate that is lower than that used in the total resource cost test.\n\n2. Variation of the total resource cost test that includes monetized effects of externalities benefits and may use a \"social\" discount rate that is lower than that used in the total resource cost test.",
  "subject": "Climate change",
  "references": [
    "State and Local Climate and Energy Program Glossary of Terms",
    "State and Local Climate and Energy Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/societal-cost-test/"
}