Abstract

The article discusses the factors hindering the development of the circular economy were identified, the systematization of which allowed the author to identify five main groups of such obstacles: sociocultural, legislative, informational, technological and economic. The mentioned obstacles are considered from the point of view of the influence they have on various subjects of such a process: the public sector, the private sector, and society. The expediency of dividing the entire diversity of such factors, within the framework of three different subjects, into three main spheres of manifestation: financial and economic, institutional, and technological spheres is noted. It was concluded that the analysis of such obstacles is important for the development of the circular economy in our country. The transition to a closed-loop economy creates opportunities not only for reformatting the entire logic of value creation, with the motivation of reducing pressure on ecosystems, but a comprehensive shift in favor of longterm sustainability in order to ensure economic, environmental and social benefits. This approach requires the application of progressive innovative solutions at all stages of the product life cycle. The main goal of circular business models is to preserve resources in circulation (cycle) as long as possible, as well as to replace resources that are completely renewable, recycled or biodegradable. Circular business models involve companies in increasing the efficiency of product use and disposal to create new opportunities for resource reuse, product sharing, and optimization of the entire value chain. It has been established that, from the point of view of public administration bodies, the assessment of the significance of such obstacles is necessary both for the formation of resource-efficient state policy and for the identification of levers for increasing interest in the use of secondary resources. For companies that concentrate or process waste, such an assessment will be useful when considering the issue of implementing circular technological cycles. For enterprises that use secondary raw materials and waste in their activities, overcoming barriers is very important for their further development. For consumers who use products from secondary raw materials, this is also very important, because the formation of consumer demand for ecological goods contributes to the formation of an economy that cares for nature, and the everyday choices of millions of consumers significantly affect the environment.

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