Promotes sustainable development and establishes environmental planning policy.  Establishes planning phases for environmental protection and management, inventory/data collection processes, the definition and provisions of eco-regions, and the creation of environmental protection and management plans. Stipulates that every business and/or activity that has a substantial impact on the environment is subject to an environmental impact analysis in order to obtain a license to conduct such business or activity. Outlines that the Government is responsible for controlling natural resources; controlling environmental pollution and damage; making strategic environmental assessments; providing quality standards of the environment; regulating legal actions and legal relations between persons and/or other legal subjects; controlling activities which have social impact; and developing a funding system for efforts to preserve environmental functions. Makes provisions for the management of hazardous and toxic materials as well as hazardous and toxic waste.