Closed‐loop economics in waste management: financing procedures and results

Abstract

To analyze the procedure and main results of financial support for the implementation of a closed‐cycle economy in the subjects of the Russian Federation.Statistical data and strategic planning documents. The method of analysing the legal and regulatory framework and statistical reporting, as well as the structure of the federal budget, were used. The study is also based on the application of methods of comparison and contrast, grouping, historical and factor analysis.The key role of the state in the creation and effective functioning of the integrated system of solid municipal waste management (MSWM) is determined by the ability to concentrate the necessary financial resources and guarantee uniform standards and requirements for system participants to achieve the stated goals of the closed cycle economy (CCE). Uniform standards and requirements for system participants must be guaranteed to achieve the stated objectives of the closed cycle economy (CCE). This is confirmed by the results of the financing of the TCO management system for 2019–2023, when the federal budget financed activities to the amount of 42.3 billion rubles. For the purposes of the federal EZC project, 8.6 billion rubles were allocated. It is important to ensure off‐budget financing of these activities and modernization of domestic enterprises, for which the use of secondary raw materials is available and economically feasible. The priority of measures to implement CCE in the Russian Federation is financial support for the creation and development of infrastructure for waste collection and recycling.The processes on improvement of the regulatory and legal framework and personnel training are related to the need to implement a "top‐down" approach, which determines the centralisation of decision‐making and the efficiency of attracting extrabudgetary funds dominating in the financial support of the functioning of the TCO management system and implementation of CCE.