PENCAS

What does PENCAS stand for?

• Philippine Energy and Natural Conservation Accounting System

• Philippine Environmental and Natural Conservation Action System

• Philippine Ecosystem and Natural Capital Accounting System

• Philippine Environmental and Nature Conservation Accounting System

What is the primary purpose of the PENCAS Law?

• To boost industrial development

• To track and assess natural resources and ecosystems for sustainable development

• To increase foreign investments in natural resources

• To promote tourism through ecosystem restoration

Natural Capital Accounting (NCA) includes which of the following?

• Assessing the value of man-made structures

• Monitoring labor force productivity

• Valuing natural resources like forests, water, and minerals

• Promoting international trade

Which agency is primarily responsible for implementing the PENCAS Law in the Philippines?

• Department of Environment and Natural Resources (DENR)

• Department of Trade and Industry (DTI)

• Philippine Statistics Authority (PSA)

• National Economic and Development Authority (NEDA)

Which of the following sectors is a primary focus for natural capital accounting?

• Manufacturing

• Agriculture

• Mining and Forestry

• Technology

Which global framework does the PENCAS law align with?

• Paris Agreement

• United Nations’ System of Environmental-Economic Accounting (SEEA)

• Kyoto Protocol

• Sustainable Development Goals (SDGs)

Which Philippine agency is responsible for environmental protection and works closely with PSA under PENCAS?

• Department of Science and Technology (DOST)

• Department of Agriculture (DA)

• Department of Energy (DOE)

• Department of Environment and Natural Resources (DENR)

When was the PENCAS signed into law?

• May 24, 2024

• March 22, 2024

• May 22, 2024

• March 24, 2024

The _________ is the global framework that guides how countries, including the Philippines, account for natural resources under the PENCAS Law.

The PENCAS law encourages the government to monitor and assess both renewable and non-renewable natural resources.

• TRUE

• FALSE