The "extended baseline scenario" assumes that the Bush tax cuts (extended by Obama) will expire per current law in 2012.
An economic analysis of a policy compares the world with the policy (the policy scenario) to the world absent the policy (the reference case or baseline scenario).
The "baseline scenario" showed that the difference in green-house emissions was insignificant (in fact, disposables even scored slightly better).
The capital assessment covered two economic scenarios: a baseline scenario and a more adverse scenario.
For the more adverse scenario, house prices are assumed to be about 10 percent lower at the end of 2010 relative to their level in the baseline scenario.
In all of the baseline scenarios Fisher et al. (2007) assessed, energy intensity was projected to improve significantly over the 21st century.
Definition of the baseline scenario is critical in the assessment of mitigation costs (Markandya et al..
Regional abatement costs are largely dependent on the assumed stabilization level and baseline scenario.
The coal (and possibly the oil) industry was predicted to potentially lose substantial proportions of output relative to a baseline scenario (Barker et al., 2001, pp.
"I would say the baseline scenario is for elections to be held sometime in April," he said.