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Legarda files bill to protect resources in pandemic

“For decades, the debate has been whether to choose the economy over conservation of natural resources. This is a false dichotomy,” Loren Legarda, Deputy Speaker of the House of Representatives, said. “The economy and all of society are fully and entirely dependent on resources — our natural capital that include our forests, wetlands, and other ecosystems.”

House Bill (HB) 9181, or the “Philippine Ecosystem and Natural Capital Accounting System Law of 2021,” includes “externalities,” which are not valued as capital in the national income accounts system.

Read more: https://www.manilatimes.net/2021/04/10/news/national/legarda-files-bill-to-protect-resources-in-pandemic/862139/

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