Rethinking growth for long-term welfare: A case for circular economy transition in the tourism sector in Nepal
- Title
- Rethinking growth for long-term welfare: A case for circular economy transition in the tourism sector in Nepal
- Creator
- Hawaldar A.R.
- Description
- The construct of Circular Economy (CE) is emerging as an alternate to the existing linear "extraction-use-disposal" economic model. CE concept emphasises the significance of sustaining the value of resources like materials and products within the economy, lessening waste generation, thereby enhancing sustainability. The pandemic crisis has offered a rare prospect to pause and ruminate on crucial anxieties about the future prospects of the tourism industry, together with issues related to overall resilience, undesirable environmental and social impacts, opportunities, and risks amidst the emerging sustainability challenges. Over-tourism, GHG emissions and biosphere degradation problems will not automatically recede post-pandemic when the 'normalcy' returns. Principally, these challenges have to be dynamically addressed so as to rebuild a tourism industry that is economically and environmentally sustainable and more resilient. This paper aims to understand the need and implications of the shift of the tourism industry to the circular economy model. An attempt is made to examine the prospect of Nepal transitioning into a CE so that there is a well-balanced and restorative accomplishment from economic and environmental standpoints. 2024 Nova Science Publishers, Inc. All rights reserved.
- Source
- Inclusive Business Approaches in Tourism: Stakeholder Engagement, pp. 239-259.
- Date
- 2024-01-01
- Publisher
- Nova Science Publishers, Inc.
- Subject
- Business models; Circular economy; Sustainability; Tourism
- Coverage
- Hawaldar A.R., Christ University, Bangalore, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-889530032-9; 979-889113988-6
- Format
- Online
- Language
- English
- Type
- Book chapter
Collection
Citation
Hawaldar A.R., “Rethinking growth for long-term welfare: A case for circular economy transition in the tourism sector in Nepal,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/17558.