Exploitation, Utilization, and Development of Natural Capital in Environmental Protection: What Principles Should Be Followed?
According to Clause 2, Article 147 of the Environmental Protection Law 2020 (Effective from January 1, 2022) regulating the exploitation, use, and development of natural capital, it is stipulated that:
The exploitation, use, and development of natural capital shall be carried out according to the following principles:
- Natural capital is inventoried and evaluated to serve socio-economic development in accordance with legal regulations;
- The state prioritizes investment in maintaining and developing renewable natural capital that can provide natural ecosystem services;
- Revenues from natural capital are prioritized for reinvestment in maintaining and developing natural capital.
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