HOUSE BILL NUMBER 73

establishing Philippine Ecosystem and Natural Capital Accouting System

SEE UPDATE
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AN ACT INSTITUTIONALIZING THE PHILIPPINE ECOSYSTEM AND NATURAL CAPITAL ACCOUNTING SYSTEM (PENCAS), MANDATING ITS USE IN POLICY AND DECISION-MAKING, DESIGNATING THE AGENCIES RESPONSIBLE FOR ITS IMPLEMENTATION, PROVIDING INSTITUTIONAL ARRANGEMENTS AMONG RESPONSIBLE AGENCIES, APPROPRIATING FUNDS THEREFORE AND FOR OTHER PURPOSES

Session No.: 19-1RS-002

Significance: NATIONAL

Date Filed: 2022-06-30

Principal Author/s: BENITEZ, FRANCISCO “Kiko” B.

Date Read: 2022-07-26

Primary Referral: NATURAL RESOURCES

Status: Substituted by HB08443

19th Congress

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Update: HB 73, authored by Cong. Kiko, establishing the Philippines Environmental and Natural Capital Accounting System, a mechanism to measure the value of ecosystem services of our forests, marine and natural environments, has been approved by the Committee on Natural Resources. The Committee adopted the substitute bill crafted by NEDA in consultation PSA and DENR and Reps. Benitez and Antonio Legarda, the two authors of the measure.

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