Marcos Jr. Highlights the Economic Potential of Protecting the Philippines’ Forest Cover
In a recent media interview in Fort del Pilar, Baguio City, President Ferdinand R. Marcos Jr. emphasized the significance of preserving and nurturing the country's forest cover to foster economic growth and development. He stressed that the Philippines' forest cover is a valuable asset that can be monetized, assigned a peso or dollar value, and actively managed to promote environmental sustainability and economic progress.
The State of the Philippines' Forests
The Department of Environment and Natural Resources (DENR) oversees approximately 15 million hectares of land classified as forestlands. In 2011, the country's forest cover was 6.8 million hectares. However, recent data from 2020, gathered by the National Mapping and Resource Information Authority (NAMRIA), indicates a noteworthy i...