Circular Economy as a Model of Achieving Sustainable Development
Viktoriia Roleders
West Ukrainian National University, Department of Finance, Banking and Insurance, Vinnytsia Education and Research Institute of Economics, 37, Honty Street, Vinnytsia, 21000, Ukraine (Ukraine)
https://orcid.org/0000-0002-6653-6583
Tetyana Oriekhova
Vasyl’ Stus Donetsk National University, Department of International Economic Relations, 21, 600th Anniversary Street, Vinnytsia, 21021, Ukraine (Ukraine)
https://orcid.org/0000-0003-3650-5935
Galina Zaharieva
D.A. Tsenov Academy of Economics, Department of International Economic Relations, 2 Em. Chakarov Street, Svishtov, 5250, Bulgaria (Bulgaria)
https://orcid.org/0000-0002-7178-2869
Abstract
In this paper the essence of the concept of circular economy was determined. The processes of transition to a circular economy are analyzed, as a result of which three levels are distinguished: efficient use of materials; product life extention; smart production and use of products. The connection between the circular economy and sustainable development was implemented. The main business models of the circular economy are considered: Resources recovery, Sharing platforms, Product life extension, Product as a service, Circular suppliers. Strategies and tools of circular economy are developed. The world experience of waste utilization is considered.
Keywords:
circular economy, model, sustainability, sustainable development, Sustainable Development GoalsReferences
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Authors
Viktoriia RoledersWest Ukrainian National University, Department of Finance, Banking and Insurance, Vinnytsia Education and Research Institute of Economics, 37, Honty Street, Vinnytsia, 21000, Ukraine Ukraine
https://orcid.org/0000-0002-6653-6583
Authors
Tetyana OriekhovaVasyl’ Stus Donetsk National University, Department of International Economic Relations, 21, 600th Anniversary Street, Vinnytsia, 21021, Ukraine Ukraine
https://orcid.org/0000-0003-3650-5935
Authors
Galina ZaharievaD.A. Tsenov Academy of Economics, Department of International Economic Relations, 2 Em. Chakarov Street, Svishtov, 5250, Bulgaria Bulgaria
https://orcid.org/0000-0002-7178-2869
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