Abstract

The article considers the model of circular economy and the possibility of its implementation in Ukraine. The authors explore the main aspects of the circular economy and the relationship with the goals of sustainable development. It is noted that the use of innovations and innovation systems is the basis of the circular economy, which will ensure the interdependence between the reduction of non-returnable waste and increase the use of reusable resources, will not improve the ecological and economic condition of the country. The article analyzes the economic content of methods and models of implementation of the circular economy by identifying their impact on the sustainability of economic and government systems. The generalization of world experience in the implemented concepts of the circular economy allowed us to identify 5 main circular business models: circular deliveries, resource recovery, platforms for exchange and sharing, product as a service. The article gives examples of implementation of the principles of circular economy in the production of world brands. Prerequisites and recommendations for the introduction of a circular economy in Ukraine are summarized. It is determined that the introduction of a circular economy is beneficial for the enterprise or company, for consumers, communities and the state as a whole. The advantages in the long run on optimization of material flows, opportunities to enter new markets, expand the scope of services, obtaining additional profits in the field of services are highlighted. The interrelation of business models of circular economy recommended for use in Ukraine is established. The article identifies further steps of the study, which will be aimed at building a model of circular economy, based on the experience of leading European countries, taking into account Ukrainian characteristics, as well as detailed performance criteria for companies implementing circular economy depending on the scope and size.

Highlights

  • IntroductionThe critical ecological situation in the world, which is getting worse every year, requires the introduction of mechanisms to encourage the population to rational consumption and production in conditions of sustainable development

  • OF THE RESEARCH The circular economy is a new model aimed at reusing materials, creating added value through services and intelligent solutions

  • The circular economy assumes that the value chain is organized so that the outputs of one chain become inputs to another, reducing dependence on new raw materials

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Summary

Introduction

The critical ecological situation in the world, which is getting worse every year, requires the introduction of mechanisms to encourage the population to rational consumption and production in conditions of sustainable development. SDGs recognize that results in one area will affect results in others, and that sustainable development must balance the social, economic and environmental components of the state. They envisage the implementation of such priority programs as sustainable living and education, circular public procurement, consumer information, development of sustainable tourism, ensuring sustainability in the field of construction, etc. Regarding the introduction of the system of circular economy in the state economic policy, the goal No 12 "Responsible consumption and production" [1; 2]

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