ANALYSIS OF CIRCULAR ECONOMY IMPLEMENTATION IN THE TEXTILE SECTOR AND ITS IMPACT ON ECONOMIC AND ENVIRONMENTAL SUSTAINABILITY

Raquel Mercedes García Revilla () and Alina Hagiu ()
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Raquel Mercedes García Revilla: National Distance Education University, Faculty of Economics and Business Sciences, Madrid, Spain
Alina Hagiu: National University of Science and Technology Politehnica Bucharest, Faculty of Economics and Law, Romania

Scientific Bulletin - Economic Sciences, 2024, vol. 23, issue 3, 25-34

Abstract: The circular economy is a sustainable alternative to the traditional linear model, especially in sectors with high environmental impacts such as the textile industry. This article analyzes the implementation of circular economy principles in the textile sector, assessing the associated benefits and challenges. By reducing waste, reusing materials and recycling fibers, the textile sector can make a significant contribution to conserving natural resources, reducing carbon emissions and improving economic efficiency. The study proposes practical recommendations for fully integrating the circular economy into the sector and highlights its impact on economic and environmental sustainability.

Keywords: circular economy; sustainability; environment; green economy (search for similar items in EconPapers)
JEL-codes: F18 F43 Q53 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2024:i::p3:25-34

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