As part of the efforts to reverse rapid biodiversity loss in the country, the Department of Environment and Natural Resources (DENR) and the Department of Budget and Management (DBM) have signed a joint circular that would pave way for the establishment of a trust fund for protected areas.
In a statement, Environment Secretary Ramon Paje said that the trust fund will allow them to retain a substantial portion of revenues generated by protected areas (PA) to finance development activities.
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