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What is the difference between the WISC and the WAIS?
Environmental Appraisal Costs
Expenses associated with assessing the environmental impact of a project or operation, including compliance with regulations.
Societal Costs
Expenses borne by society as a whole, resulting from business operations or economic policies, including environmental damage and health impacts.
Private Cost
Expenses borne by individuals or enterprises as a result of their own production or consumption decisions, not including externalities.
Contingent Environmental Costs
Costs that may occur depending on the outcome of a future event related to the environment, such as cleanup costs for pollution or fines for non-compliance with environmental regulations.
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