Circular economy and the goals of sustainability

Goswami, Sanya

In recent years, the idea of a circular economy has drawn more and more attention as a means of advancing sustainable development and minimizing waste. The conventional linear economy, which is founded on a "take-make-dispose" concept, is opposed by the circular economy. The circular economy, in contrast, is focused on the ideas of minimizing waste and maximizing resource efficiency by reducing, reusing, and recycling resources. This diploma thesis will give a general overview of the circular economy and some of its possible sustainability advantages. It will cover the main forces behind the circular economy, such as the lack of resources, environmental issues, and business potential. It will address the role of policy and legislation in creating a circular economy as well as the difficulties and hindrances to its implementation. Overall, the thesis will emphasize on the circular economy's potential to support sustainable development and advocates for further study and cooperation to advance this idea. A research agenda for advancing the circular economy will be presented, outlining the necessity of interdisciplinary study, empirical research, and policy intervention evaluation.

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