Transforming into a Circular Economy for Sustainable Growth in the Post COVID - 19 Era: A Policy Framework for Sri Lanka

The concept of the Circular Economy (CE) has recently regained momentum and even reached mainstream discourses, catalyzed by the increasing need for innovative thinking to create sustainable development. The current rapid pace of digitization has also contributed to the rising popularity of the CE model. 

CE is an industrial system that is regenerative by intent and design, and it attempts to use waste from all ventures to produce beneficial artifacts for human use. CE aims to eliminate waste through the superior design of materials, products, systems and business models, and encourage people to consume palatable food and lead a change in lifestyle deviating from the severe competition under the present Linear Economic (LE) model which is characterized by production and waste that entail significant costs on the environment and overall well-being.