Environment and Natural Resource Financing

In order to sustainably finance environment and natural resources activities, government will pursue the use of appropriate valuation methods in the computation of applicable fees and taxes for the use the country's natural resources and enhance its collection. Likewise, PES shall be institutionalized at the national and local levels and shared with communities to encourage natural resource protection and management as well as increase household income.

a.  Ensure rightful share of ENR activities and priorities in national and local government budgets;

b.  Enhance collection of taxes/ revenues including pollution and exploitation fees from industries (i.e., mining companies including small-scale mining);

c.  Retain the LGU share of taxes and revenues, specially those pertaining to environment activities;

d.  Utilize disposable public and government land assets and resources, balancing economic, environmental, and social development objectives;

e.  Strengthen LGU revenues through local real property tax to achieve better local tax efficiency, a wider tax base, and greater equity;

f.  Promote and roll out the adoption of the Philippine Valuation Standards and compatible valuation methodologies in the public and private sector;

g.  Develop local capacities to generate revenues to finance activities in the control of polluting vehicles;

h.  Increase the value of natural resources by adopting resource valuation techniques in determining rates of users' fees for use of forest land such as telecom, power, water utilities and others;

i.  Increase Government share from the use of the country's mineral wealth through thru the establishment of mineral reservations and greater value adding;

j.  Formulation of policies on accessing carbon credits;

k.  Exploring further innovative sources of finance, both for environment and natural resources activities and climate change adaptation; and

l.  Increase value-added from natural resources (e.g., users fee and payment for environmental services) to generate revenues for protection and conservation

5.  Implement a national communications strategy particularly for pollution concerns (air, water and solid waste). This is due to the fact that people themselves contribute to the pollution and they need to be made responsive on how pollution affects their well-being.