Abstract
The main objective of the present study is to prove that the implementation of the circular economy within sustainable development allows the creation of conditions for future development and helps to make informed decisions for the implementation of the strategic goals for development of the Cohesion policy and the circular economy are not only a matter of infrastructure policy, but also of social cohesion and solidarity. They provide answers to the challenges facing local and regional communities about ways to tackle the most important climate problems. In the article are used primary data and secondary sources and the use of both, which is termed triangulation, or dual methodology. Primary data, which we used, is the data collected by us, i.e. interview, observation, questionnaires. Secondary sources used in the article are data that already exists — previous research, official statistics, mass media products, government reports, web information, historical data and information. The results of the survey will prove that, in the context of circular economy implying the adaptation of sustainable development to the requirements of the competitive international and EU market, circular economy is the most adequate instrument that can consolidate the efforts of the regional authorities, business structures, public organizations and others in addressing the problems of transformation of traditional economy in new EU economy related to nature safety.
Highlights
The circular economy is a model of production and consumption that minimizes waste
They note that the linear economy follows an unsustainable model: extraction − production − consumption − waste, which is based on the continuous extraction of new raw materials and treats the environment as a waste warehouse
It is essential to ensure adequate functional and financial autonomy for local and regional authorities, especially with regard to their right to develop and implement their own development strategies, led by local development communities and integrated territorial investments, to support local stakeholders to combine funding flows and plan local initiatives to move towards a circular economy
Summary
The circular economy is a model of production and consumption that minimizes waste. It has benefits for the environment, the economy and all of us. The circular economy is a model aimed at extending the life cycle of products. This means sharing, borrowing, reusing, repairing and recycling existing materials and products as long as possible. The cornering is an alternative to the traditional linear lineage (derivative, used, extrinsic). It preserves resources for use, so long as possible. Today’s economy is built on a principle that no reasonable person would take for granted — it throws more and more materials that we extract and extract from nature, but which are increasingly difficult to decompose and have a high residual value if used properly
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