CIRCULAR ECONOMY IN BUILDING SECTOR: FINDINGS FOR UKRAINE

Marta Vovk ()
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Marta Vovk: Prydniprovska State Academy of Civil Engineering and Architecture, Economic Faculty

Almanach (Actual Issues in World Economics and Politics), 2016, vol. 11, issue 4, 61-72

Abstract: Improvement of the performance of the building sector is a question of great importance due to high impact of this sector on the environment. Building sector is responsible for 40% of the natural resources derived from the industrialized countries, 12% of the potable water, 70% of the electricity and the production of 45-65% of the wastes disposed to landfills. The contribution ofbuilding industry to national economy of Ukraine is considerable as it is responsible for 8% of GDP. Around 6% of all employed population is engaged in the Ukrainian building industry. Thus, implementation of effective measures for the development of building sector will significantly contribute to increasing national prosperity. The development of the circular economy is an effective and innovative way of natural resources treatment. It is especially important for the green building in Ukraine but there are a number of challenges for the development of the circular economy in the Ukrainian building industry. Current paper aims at exploring the benefits and challenges of the circular economy for green building development in Ukraine.

Keywords: circular economy; green building; recycling; waste treatment (search for similar items in EconPapers)
JEL-codes: O44 P28 (search for similar items in EconPapers)
Date: 2016
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