Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction
The construction industry plays an important part in economic growth but notably contributes to environmental deterioration owing to excessive resource use and waste generation. The implementation of circular economy (CE) principles provides a revolutionary strategy for reducing these unfavourable c...
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| Format: | Article |
| Language: | English |
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Sciendo
2025-01-01
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| Series: | Baltic Journal of Real Estate Economics and Construction Management |
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| Online Access: | https://doi.org/10.2478/bjreecm-2025-0005 |
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| author | Wimalasena Sulaksha Upendra Sanath Mahesh Silva Hashindu |
| author_facet | Wimalasena Sulaksha Upendra Sanath Mahesh Silva Hashindu |
| author_sort | Wimalasena Sulaksha |
| collection | DOAJ |
| description | The construction industry plays an important part in economic growth but notably contributes to environmental deterioration owing to excessive resource use and waste generation. The implementation of circular economy (CE) principles provides a revolutionary strategy for reducing these unfavourable consequences by encouraging resource efficiency, material reuse, and waste reduction. The article assesses the economic and environmental benefits of principles of CE in civil construction, with a specific emphasis on their use in Sri Lanka. The research contains an analytical examination of current trends, an assessment of economic implications, and an evaluation of environmental sustainability improvements provided by CE adoption. It incorporates global and local case studies to find best practices and obstacles in circular economy implementation. The study technique comprises statistical analysis, including Pearson correlation analysis, to explore links between CE methods such as material recycling, waste management, and energy efficiency. The results demonstrate that CE principles greatly cut operating costs, boost energy efficiency, and minimize carbon footprints. These observations emphasize the significance of concerted efforts among policymakers, industry stakeholders, and regulatory agencies to promote the adoption of sustainable construction practices. The article continues by underlining the significance of organized legislative frameworks and technical advancements to assist the circular transition within the construction industry. |
| format | Article |
| id | doaj-art-5d8cfd6f5adc4e5380e6b9719fdb9c4e |
| institution | OA Journals |
| issn | 2255-9671 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Baltic Journal of Real Estate Economics and Construction Management |
| spelling | doaj-art-5d8cfd6f5adc4e5380e6b9719fdb9c4e2025-08-20T02:34:20ZengSciendoBaltic Journal of Real Estate Economics and Construction Management2255-96712025-01-01131526710.2478/bjreecm-2025-0005Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil ConstructionWimalasena Sulaksha0Upendra Sanath Mahesh1Silva Hashindu2Vilnius Gediminias Technical University, Vilnius, LithuaniaRiga Technical University, Riga, LatviaSri Lanka Institute of Information Technology (SLIIT), Malabe, Sri LankaThe construction industry plays an important part in economic growth but notably contributes to environmental deterioration owing to excessive resource use and waste generation. The implementation of circular economy (CE) principles provides a revolutionary strategy for reducing these unfavourable consequences by encouraging resource efficiency, material reuse, and waste reduction. The article assesses the economic and environmental benefits of principles of CE in civil construction, with a specific emphasis on their use in Sri Lanka. The research contains an analytical examination of current trends, an assessment of economic implications, and an evaluation of environmental sustainability improvements provided by CE adoption. It incorporates global and local case studies to find best practices and obstacles in circular economy implementation. The study technique comprises statistical analysis, including Pearson correlation analysis, to explore links between CE methods such as material recycling, waste management, and energy efficiency. The results demonstrate that CE principles greatly cut operating costs, boost energy efficiency, and minimize carbon footprints. These observations emphasize the significance of concerted efforts among policymakers, industry stakeholders, and regulatory agencies to promote the adoption of sustainable construction practices. The article continues by underlining the significance of organized legislative frameworks and technical advancements to assist the circular transition within the construction industry.https://doi.org/10.2478/bjreecm-2025-0005circular economyconstruction industryeconomic benefitsenvironmental sustainabilitygreen constructionsri lanka |
| spellingShingle | Wimalasena Sulaksha Upendra Sanath Mahesh Silva Hashindu Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction Baltic Journal of Real Estate Economics and Construction Management circular economy construction industry economic benefits environmental sustainability green construction sri lanka |
| title | Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction |
| title_full | Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction |
| title_fullStr | Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction |
| title_full_unstemmed | Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction |
| title_short | Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction |
| title_sort | assessing the economic and environmental advantages of circular economy practices in civil construction |
| topic | circular economy construction industry economic benefits environmental sustainability green construction sri lanka |
| url | https://doi.org/10.2478/bjreecm-2025-0005 |
| work_keys_str_mv | AT wimalasenasulaksha assessingtheeconomicandenvironmentaladvantagesofcirculareconomypracticesincivilconstruction AT upendrasanathmahesh assessingtheeconomicandenvironmentaladvantagesofcirculareconomypracticesincivilconstruction AT silvahashindu assessingtheeconomicandenvironmentaladvantagesofcirculareconomypracticesincivilconstruction |