Bangladesh has significant potential to lead in sustainable fashion by adopting circular economy practices, which aim to extend product lifespans, minimize waste, and reduce pollution, according to the International Chamber of Commerce-Bangladesh-ICCB.
In its Quarterly News Bulletin, the ICCB highlighted how recycling fabric waste and promoting second-hand clothing markets could both reduce environmental impact and enhance profitability in the textile industry.
The report also underscored opportunities to repurpose agricultural waste, such as rice husks and jute byproducts, into bioenergy and organic fertilizers, advancing sustainable farming practices. Bangladesh generates around 3,000 tons of plastic waste daily, but only 30% is recycled. Combined with inadequate management of electronic and agricultural waste, this poses a serious environmental challenge.
ICCB emphasized the importance of investing in recycling infrastructure and waste-to-energy initiatives, which could help address these issues while providing significant economic benefits. Adopting a circular economy model—focused on reducing waste, extending product life, and regenerating natural systems—could enable sustainable growth, lower greenhouse gas emissions, reduce pollution, and create economic opportunities, the ICCB noted.
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