THE CIRCULAR ECONOMY BETWEEN LIMITS AND OPPORTUNITIES
Olga Timofei ()
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Olga Timofei: National Institute for Economic Research, Republic of Moldova
Contemporary Economy Journal, 2021, vol. 6, issue 2, 32-38
Abstract:
From the perspective of increasing the world's population, the pressures on the environment and most natural resources that serve as raw materials (fuels, minerals and metals), food, sun, water and biomass are increasing. Given that natural resources are indispensable for the functioning of the economy and contribute significantly to the quality of our lives, it would be appropriate to reduce our consumption of materials from the design stage of products. In this context, the circular economy, which aims in particular at a goal of zero waste and the rehabilitation of all problems, is a solution. The development of this type of economy is already a clear political will in several countries. It is also possible to make the least use of non-renewable resources by opting for the use of renewable resources, depending on their renewal rate and the disposal of waste through recycling, repair and reuse. In this paper we aim to present the limits of the linear economy and the concept of circular economy, in the context of the situation of the circular economy in the world.
Keywords: Circular Economy; Sustainable Development; industrial ecology; ecodesign (search for similar items in EconPapers)
JEL-codes: Q01 Q32 Q57 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:6:y:2021:i:2:p:32-38
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