President signs into law natural resources inventory measure

President Ferdinand Marcos Jr. has approved a law that will provide the government an accounting of the country’s natural resources.

Included under the law’s accounting framework is the list of officially designated statistics on the depletion, degradation, and restoration of natural capital; environmental protection expenditures; pollution and quality of land, air and water; and environmental damages. The PSA Board will direct a relevant interagency committee to assist the body in addressing agency and sectoral concerns that may arise in the development of natural capital accounts.

Source: Law Daily Report (lawdailyreport.net)

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