Yesterday, I delivered my sponsorship speech for Senate Bill No. 2439 or the Philippine Ecosystem and Natural Capital Accounting System.
PENCAS will provide essential statistics on the state of our natural resources, environmental protection, and more, guiding us to protect our shared wealth. Institutionalizing this piece of legislation is our commitment to a more holistic view of development and economic progress. By including nature’s contribution in our national income accounts, alongside traditional indicators, we ensure that we recognize the value of our environment.
In a changing climate and facing biodiversity loss, embracing our vulnerability is our chance to transform how we perceive nature’s role in our nation’s growth, shaping our behaviors and government’s actions. With the help of PENCAS, we can work together in safeguarding our environment and securing our economy for future generations.
