Application of the Circular Economy Concept in the Waste Economy Cover Image

Приложение на концепцията за „кръгова икономика“ при икономиката на отпадъците
Application of the Circular Economy Concept in the Waste Economy

Author(s): Mariya Petkova-Kozovska
Subject(s): Economy, Supranational / Global Economy, Energy and Environmental Studies, Environmental and Energy policy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Linear Consumption; Circular Economy; Sustainable Development; Resource Efficiency; Waste
Summary/Abstract: The current report aims to provide insight into the nature and main characteristics of the so-called ‘circular economy’ – an industrial system that is restorative or regenerative by intention and design, specifying its application in the economy of waste, too. First, the paper discusses the limits of the ‘linear’ economic model based on a ‘take-make-consume and dispose’ pattern, which nowadays proves unsustainable. The concept of the circular economy is described, as well as its origin and basic principles, which are a key to a more efficient use of resources and waste reduction. Next, the general direction and concrete steps that must be undertaken are outlined in order to be achieved an important progress towards the circular economy and to be met the current and future challenges of global pressure on resources and rising insecurity of supply. At the end of the report, the potential benefits of the circular economy are highlighted and barriers and challenges that it faces are examined.

  • Page Range: 297-307
  • Page Count: 11
  • Publication Year: 2016
  • Language: Bulgarian