According to the International Chamber of Commerce-Bangladesh (ICCB) Quarterly News Bulletin, Bangladesh has huge potential to lead in sustainable fashion. By recycling textile waste and promoting the market for second-hand clothing, the industry can reduce environmental damage and increase profits.
Bangladesh is one of the world’s largest textile exporters. Bangladesh has some of the most environmentally friendly factories in the garment industry. Many factories are recognized for their sustainable practices, setting an example for the global textile and garment industry.
The report highlighted that the circular model can help Bangladesh achieving renewable energy goals and reduce dependence on fossil fuels by producing energy from waste.
The report also highlighted that Bangladesh generates about 3,000 tons of plastic waste every day, of which only 30 percent is recycled. In addition, the irregular disposal of electronic waste and agricultural waste further exacerbates the environmental damage. Investing in recycling infrastructure and waste-to-energy projects can reduce these problems and also generate economic benefits.
Some developed countries have already taken steps to demonstrate the potential of a circular economy. The Netherlands has set a goal of halving its use of raw materials by 2030. Sweden is converting 99 percent of household waste into energy. Outdoor clothing brand Patagonia is ensuring sustainability by repairing and reprocessing clothing, an example of waste reduction and circularity.
Bangladesh is one of the most vulnerable countries to climate change. Therefore, adopting a circular economy model is not only necessary but also a great opportunity.
As a rapidly developing country, Bangladesh faces environmental challenges such as waste management, pollution, and resource depletion. Transitioning to a circular economy can solve these problems and open up new horizons for economic growth.
