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大议题，因无节制的自然资源消耗与碳排放已开始引发气候变化，对人类及其他地球物种构成威胁。为此，国际经济法规强调通过平衡商业目标与环境问题来践行可持续发展。循环经济（Circular Economy）转型是实现气候与经济目标的可靠路径。当前的线性经济体系依赖于开采自然资源而非复用与回收，由此产生大量碳排放量，并造成生物多样性丧失。循环经济是融合创新与可持续性的商业模式，亦是可持续发展的重要支撑。要推行该模式，必须变革传统的市场运作逻辑。本研究将探讨循环经济原则如何助力公共与私营部门应对可持续发展挑战并推动经济发展。本研究将聚焦循环经济理论，阐释将循环经济原则纳入政策与立法的缘由。例如，将循环经济原则融入政策与立法，可推动循环经济的进一步发展。向公众普及循环经济及其收益亦十分必要。本文建议构建可持续废弃物管理的监管框架。本研究最显著的贡献在于，通过调整政策设定与法律转型，革新循环经济的概念框架。本文将为循环经济模式的发展与相关立法完善提供具体建议。