Abstract

The world ecological problem of waste accumulation, environmental pollution and the need to develop a circular economy are described. The aim of the article is to show the advantage of using a circular economy in the management of the national economy. It is substantiated that resource management should radically change from a linear model of accept-use-dispose to a more stable, circular model. It is proved that the principles of circular economy are not based on the management of material and waste flows, but on more valuable methods, such as maintenance, recycling and reuse. Different models of circular economy and their shortcomings are considered. Based on practical world experience in implementing the concept of circular economy, 5 main circular business models are identified. It has been established that circular supply chains that minimize waste and seek to reuse, repair and recycle where waste cannot be prevented should be more sustainable than the linear systems they replace. It was found that in the absence of effective resource management, the current environmental situation will lead to fatal consequences, which confirms the need for public administration to ensure the use of a circular economy.

Highlights

  • The modern world paradigm of sustainable development is aimed at the production of goods and services with minimal costs of available resources

  • Given the diversity of conceptual roots, it is not surprising that the circular economy is described in more than a hundred ways. These diverse concepts relate to better use of the resources presented here in the words of the Ellen MacArthur Foundation: “Going beyond the current mining industry model of’ take, manufacture and dispose’, the circular economy is designed to be restorative

  • Circular supply chains that minimize waste and seek to reuse, repair and recycle where waste cannot be prevented must be more sustainable than the linear systems they replace; the ability of the circular economy to promote sustainable development is widely recognized, but requires further conceptual development, supported by empirical evidence

Read more

Summary

Introduction

The modern world paradigm of sustainable development is aimed at the production of goods and services with minimal costs of available resources. M. Orfelen, Manager of the Circular Economy and Waste Management Department of the National Environment and Resources Administration (ADEME, the Netherlands), said that With the introduction of the basic provisions of the circular economy, the profitability of production at enterprises increases. Manager of the Circular Economy and Waste Management Department of the National Environment and Resources Administration (ADEME, the Netherlands), said that With the introduction of the basic provisions of the circular economy, the profitability of production at enterprises increases This is due to the reduction of raw material costs and waste management at the end of the production cycle. The profitability indicator is influenced by the factor of selling environmentally friendly products as a basis for corporate social responsibility [8]

Objectives
Results
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call