The Philippine Ecosystem and Natural Capital Accounting System (PENCAS) Act, establishes a government-wide accounting framework to support economic and environmental policymaking, value ecosystem services, and develop measures for ecosystem protection, conservation and restoration.
MANILA, Philippines — President Ferdinand Marcos Jr. has signed a law establishing a system that will provide the government with an accounting of the country’s natural resources.
Environment Secretary Maria Antonia Yulo-Loyzaga earlier said that PENCAS will not only determine the economic value of ecosystems, but will also result in better management of natural resources and improved climate and disaster resilience. Natural capital refers to plants, animals, air, water, soils, ores and minerals that provide ecosystem services such as air and water filtration, flood protection, carbon sequestration, pollination of crops and habitats for wildlife.
In its Environmental Impact Assessment system, the DENR will ensure that the natural environment, ecosystem services, and natural capital are framed as opportunities, benefits or assets that may be put at risk. Sukat ng Kalikasan identifies six categories divided into two classifications. The first focuses on species and their habitats at the ecosystem, landscape and seascape level. The second classification is related to regulation and maintenance of ecosystem services and the social, economic, and cultural values of an area.
The massive coral bleaching episode signaled by US authorities last month is expanding and deepening in reefs around the globe,...
Ecosystem Management Services Ferdinand Marcos Jr.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos signs PENCAS law to boost Philippine ecological balance and resilienceDefining the News
Read more »
Marcos welcomes Dutch Queen Maxima's offer to boost Philippine financial healthDefining the News
Read more »
Marcos laments Philippine universities’ exclusion from Asia top 100 rankingPresident Ferdinand Marcos Jr. says 'much work is still to be done' to boost higher education in the country
Read more »
Marcos acknowledges more work to be done to boost Philippine higher educationDefining the News
Read more »
Marcos: PH won't use water cannons to avoid tension in West Philippine SeaDefining the News
Read more »
Marcos: No water cannons for Philippine ships in WPSPresident Ferdinand Marcos Jr. rejected a proposal to equip Philippine ships patrolling the West Philippine Sea with water cannons in response to China's aggressive actions against the country's vessels.
Read more »