Integration of resources and regeneration of the biosystem in the concept of development of circular economy

Abstract

Introduction. The scale of the risks, threats, and consequently the challenges of reducing and improving the efficiency of waste management, provides significant business opportunities. The circular system enables efficient movement of materials, energy, labor and information for the purpose of restoring natural and social capital. The circular economy should be part of efforts to boost economic development, overcome wasteful consumption and reduce undemocratic power structures in the global economy. Hence, the topic is relevant and needs appropriate research. Purpose. The purpose of the article is to research the biophysical environment of the circular system, the level of integration of resources and the regeneration of the biosystem in the concept of development of the circular economy. Methods. Research methods of problems related to the concept of circular economy development are based on general and specific methods of studying economic processes, phenomena and facts concerning the integration of resources and regeneration of the biosystem. This research uses monographic and graphical methods, methods of system analysis, systematization, classification, logical, theoretical and generalizations (in research the integration of resources and regeneration of the biosystem in the concept of development of circular economy). Results. The world economy meets the demand of the population in all continents at affordable prices, which gives consumers a much higher level of material comfort. The manufacturing industry transforms resources into an extremely large number of products and uses natural resources to produce waste products at the first need. It is relevant to break the product life cycle chain: “raw material-product-dust” and to change the linear economy. The basis for a new system – alternative to linear economy can be system that base on three principles: design waste and pollution; save products and materials in use; regeneration of the natural system. The circular economy is a systematic approach to economic development that can benefit business, society and the environment. The authors believe that, unlike the linear “raw material-product-dust” model, the circular economy model is regenerative in design and aims to gradually reduce the growth effect of the consumption of scarce resources. Accordingly, the circular approach provides systematic changes of everyone and everything: enterprises, governments and individuals; cities, products and jobs. Discussion. Further scientific researches of circular economy concept development, integration of resources, biosystem regeneration, evaluation of circular business models should be based on the current national and foreign methodology and organization of evaluation of the circularity of economy, its concepts and variations. Further studies should widely apply methods of operational and strategic forecasting and modelling of the enterprise waste management system, etc.