Marcos signs Pencas, a new law requiring ecological accounting

Marcos signs new law requiring ecological accounting

/ 05:31 AM May 27, 2024

Marcos signs new law requiring ecological accounting


MANILA, Philippines — President Ferdinand Marcos Jr. has signed into law Republic Act No. 11995, or the Philippine Ecosystem and Natural Capital Accounting System (Pencas) law.

Pencas law provides the government with mechanisms to account for the country’s natural resources.


READ: PENCAS bill gets Senate nod on final reading


The law is more than just a law that adds another layer of bureaucracy since it supports the National Integrated Protected Areas System and requires economic accounting frameworks under international standards.

The Pencas law tasks the Philippine Statistics Authority (PSA) to implement the law through an interagency working group.

The Department of Agriculture will assist the PSA in generating the National Capital Accounting information, while the Department of Environment and Natural Resources will report on associated ecosystems. —Melvin Gascon

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Ferdinand Marcos Jr., PSA

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.