Waste Management in the Circular Economy

• Main Authors: Zvarych Roman Ye., Kril Zoriana Z.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2021-04-01
• Series: Bìznes Inform
• Subjects: conception of sustainable development; «green» economy; circular economy; socio-ecological-economic system; modernization; industrial revolution; technological mode; circular business model
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2021-4_0-pages-148_153.pdf

The article defines the essence and features of waste management in the circular economy. Over the past three decades, the entire progressive world has been striving to put into practice the concept of sustainable development, which involves the formation of a balance of ecological, economic and social aspects. The article is concerned with generalizing and systematizing modern theoretical and practical approaches to achieving the goals of sustainable development. A research of directions of improvement of waste management in the circular economy is carried out. Particular attention is paid to the concept of circular economy. The methodological basis of the research was the conceptual principles of sustainable development, the «green» economy, the circular economy (closed-loop economy). Analysis, synthesis, classification, observation, study of various sources of information were used as the main methods of scholar work. The possibility and significance of taking into account the goals of sustainable development in the management of general modernization processes in both society and the economy is proved. It is identified that development of the umbrella concept of the «green» economy, which acts as an instrument for achieving these goals, is based on the concepts of environmentally friendly production, the best available technologies and the circular economy. The theoretical and practical bases of circular economy as a new trend of implementation of the concept of sustainable development are considered. The normative-legal, market, financial, investment, economic, technological and organizational factors influencing the application of the principles of circular economy in Ukraine are examined. The results of the study can serve as the basis for achieving the goals of sustainable development at different levels and in the spheres of economic management with the help of circular economy instruments: circular business models, secondary markets, methods for managing the cyclicality of production and consumption.