Through Circular to Lîw Carbon Economy – Concept and Evidences in the EU Members

Sonia Chipeva and Vania Ivanova

Economic Studies journal, 2022, issue 6, 23-37

Abstract: The aim of the study is to present an opportunity for the concept of circular economy to become a lever for the transition to a low-carbon and environmentally friendly economy. The correlation between key indicators for circular economy and change of GHG emissions in EU countries has been analysed, and a series of econometric models have been developed. An analysis has been conducted for 4 sets of countries – Bulgaria, the EU countries as a whole and the communities of old and new members separately. The existence of untapped opportunities related not only to more efficient use of resources, but also to the possibility of radical change in business models has been revealed in the analysis. The conclusions reached show that the concept needs to be extended so as to break the relation between economic growth and waste production, as well as the potential to reduce GHG emissions.

JEL-codes: O13 O14 P28 Q01 Q52 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2022:i:6:p:23-37

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