Legislative Transition Toward Circular Economy in Bangladesh

Sustainable development has become a significant issue for the future economy because the indiscriminate use of natural resources and carbon emissions have started causing climate change. It is creating a threat to humankind and other earth species. For this reason, international economic laws emphasize sustainable development by balancing business objectives with environmental issues. The Circular Economy transition is reliable for accomplishing climate and economic goals. Our current linear economy system depends on extracting natural resources rather than reusing and recycling, which generates huge carbon gas and causes biodiversity loss. The CE is such a kind of business model and ally of sustainable development that combines innovation and sustainability. The traditional approach to the market must be changed to implement this model. This study will discuss how CE principles can support the public and private sectors in addressing sustainability challenges and economic development. This study will focus on the CE theory and explain the reasons for integrating CE principles into policy and legislation. For instance, incorporating CE principles into policy and legislation can support the further development of a CE. Educating the public about the CE and its paybacks is also necessary. This paper recommends the implementation of regulatory frameworks for sustainable waste management. The most significant contribution of this research is to change the conceptual framework for the CE through changing policy settings and legal transitions. Specific suggestions will be made for developing the circular economic model and legislation.

可持续发展已成为未来经济的重要议题，因为自然资源的不加区分使用以及碳排放已开始引发气候变化，对人类及其他地球生物构成了威胁。鉴于此，国际经济法规强调通过平衡商业目标与环境问题来实现可持续发展。循环经济模式的转型是实现气候与经济目标的可靠途径。我们当前线性的经济体系依赖于自然资源的提取而非再利用和回收，这产生了巨大的碳排放并导致了生物多样性的丧失。循环经济（CE）正是一种融合创新与可持续性的商业模式和可持续发展盟友，它要求改变传统的市场方法。本研究旨在探讨循环经济原则如何支持公共和私营部门应对可持续性挑战和经济发展的挑战。本研究将聚焦于循环经济理论，并阐述将循环经济原则融入政策和立法的理由。例如，将循环经济原则纳入政策和立法可以支持循环经济的进一步发展。对公众进行循环经济及其益处的教育也是必要的。本文建议实施可持续废物管理的监管框架。该研究的最大贡献是通过改变政策设置和法律变革来改变循环经济的概念框架。针对发展循环经济模式和立法，将提出具体建议。