Assessing the Economic and Environmental Advantages of Circular Economy Practices in Civil Construction

Wimalasena Sulaksha (), Upendra Sanath Mahesh and Silva Hashindu
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Wimalasena Sulaksha: Vilnius Gediminias Technical University, Vilnius, Lithuania
Upendra Sanath Mahesh: Riga Technical University, Riga, Latvia
Silva Hashindu: Sri Lanka Institute of Information Technology (SLIIT), Malabe, Sri Lanka

Baltic Journal of Real Estate Economics and Construction Management, 2025, vol. 13, issue 1, 52-67

Abstract: 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.

Keywords: Circular economy; construction industry; economic benefits; environmental sustainability; green construction; Sri Lanka (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjrecm:v:13:y:2025:i:1:p:52-67:n:1005

DOI: 10.2478/bjreecm-2025-0005

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