EMBRACING THE

CIRCULAR ECONOMY:
A PATH TO
SUSTAINABILITY
Presented By:

Abdulla Zahrani
Nimira Methsilu
Jalith Wijesekara
Inupa Liyanage
Humaidh Ahamed
 • 1.Introduction
• 2.What is Circular Economy?
• 3.History of Circular Economy
• 4.Principles of circular economy.
• 5.Benefits of Circular Economy
Contents • 6.Challenges & Solutions
• 7.Role of Individuals & Businesses
• 8.Policy & Government Initiatives.
• 9.Conclusion
• 10.Thank You.
What is Circular Economy?

•A circular economy is an economic model designed

to minimize waste and make the most of resources.
•Unlike the traditional linear economy, which
follows a "take, make, dispose" model, a circular
economy aims to create a closed-loop system where
products, materials, and resources are reused,
refurbished, remanufactured, and recycled to extend
their lifespan and reduce environmental impact.
 History of Circular
Economy
• THE CONCEPT OF THE CIRCULAR ECONOMY HAS
ANCIENT ROOTS IN CYCLICAL RESOURCE USE, SEEN
I N E A R LY A G R I C U LT U R A L S O C I E T I E S .
• HOWEVER, THE INDUSTRIAL REVOLUTION SHIFTED
T O WA R D S A L I N E A R M O D E L , E M P H A S I Z I N G M A S S
PRODUCTION AND CONSUMPTION.
• E N V I R O N M E N T A L AWA R E N E S S I N T H E 2 0 T H C E N T U R Y
PROMPTED CONCEPTS LIKE RECYCLING. THE 1990S
INTRODUCED CRADLE-TO-CRADLE DESIGN, AND THE
E A R LY 2 0 0 0 S S AW T H E E S T A B L I S H M E N T O F T H E E L L E N
M A C A R T H U R F O U N D A T I O N , C A T A LY Z I N G G L O B A L
EFFORTS.
• FROM ACTION PLANS TO GLOBAL COMMITMENTS,
H I S T O R Y S H O W C A S E S A N E V O LV I N G R E S P O N S E T O
E N V I R O N M E N TA L C H A L L E N G E S , S T R I V I N G F O R A
Principles Of Circular Economy

T H E C I R C U L A R E C O N O M Y S TA N D S
ON THREE
F U N D A M E N TA L P I L L A R S :
• R E D U C I N G WA S T E
• R E U S I N G M AT E R I A L S
• RECYCLING RESOURCES
A D D I T I O N A L LY, A C R U C I A L
P R I N C I P L E I N V O LV E S D E S I G N I N G
PRODUCTS FOR DURABILITY AND
R E P A R A B I L I T Y, E N S U R I N G A L O N G E R
LIFECYCLE. THESE PRINCIPLES
C O L L E C T I V E LY R E D E F I N E H O W W E
PRODUCE, CONSUME, AND MANAGE
RESOURCES.
More About Circular Economy
Benefits Of Circular
Economy

ENVIRONMENTA WASTE ECONOMIC

L CONSERVATION REDUCTION RESILIENCE

JOB CREATION SOCIAL

BENEFITS
 Consumer Behavior

Challenges &
Solutions
Technological Barriers

Supply Chain
Complexity
 Economic Viability
Challenges &
Solutions Lack of Infrastructure

10
Role of Individuals Towards Circular Economy

 Waste Reduction Practices

• Reducing the Usage of Waste Straws & c
Convert Them to Paper Straws

 Recycling Participation
• The Medals of Olympic Games Which Were
Made Using the Waste Materials of
Electronics.

 Supporting Circular Brands

• Creation of Papers using Waste Hay
 Role of Businesses Towards
Circular Economy

 Circular Designs
• Making Recyclable Packages for Goods.
 Product Life Extensions
• Manufacturing of Repairable Electronic Devices implemented by
Sri Lanka
• Antique Furniture Shops
 Recycling Initiatives
• Recycle of Plastic Bottles
 Policies & Government
Initiatives

Legislature & Regulation

• Banning of Polythene in Sri Lanka
• Central Environmental Authority Act.
 Economic Incentives
• Government offer Tax Concessions, Tax Cuts, & Providing
Subsidies to Invest in Renewable Energy Sources such as,
Wind, Solar, Hydro, etc.
Policies & Government
Initiatives
 Research & Development Funding
• Industrial Technology Institutes
• Industrial Development Board in Sri Lanka
 Public Awareness Campaigning
• Social Media Campaigns
• Education Seminars
 Conclusion

•The exploration of the circular economy has been enlightening,

delving into principles of waste reduction, material reuse, and
resource recycling.
•The benefits include resource conservation, waste reduction,
economic growth, and lower carbon footprints.
•Recognizing challenges and solutions highlights the need for
collective efforts from individuals, businesses, and governments
to foster a circular mindset.
• Moving forward, our roles as conscious consumers, innovative
businesses, and supportive governments are pivotal in shaping a
sustainable future guided by circular principles.
Thank You