The implications of circular economy development at European level

Laurențiu Paul Barangă and Elena-Ioana Țanea
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Laurențiu Paul Barangă: Bucharest University of Economic Studies, Bucharest, Romania
Elena-Ioana Țanea: Bucharest University of Economic Studies, Bucharest, Romania

Journal of Financial Studies, 2023, vol. 14-Special-June, issue 8, 203-210

Abstract: In the context of the production of more than 2,5 billion tons of waste every year in the European Union, the circular economy is a matter of significant importance, debated in the European area and beyond. The transition to the circular economy involves reducing waste to the lowest level and replacing the traditional linear purchase-use-disposal economy. Thus, given the World Bank’s 2050 estimates (2018), which support an increase in annual waste production by 70% and the premise that the United Nations’ Sustainable Development goals made, that the population will require the resources of three planets, moving toward a circular economy is a necessity for both the environment and society.

Keywords: circular economy; linear economy; pollution; sustainable development; sustainability. (search for similar items in EconPapers)
JEL-codes: G30 G41 M14 Q50 Q53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fst:rfsisf:v:14-special-june:y:2023:i:8:p:203-210

DOI: 10.55654/JFS.2023.SP.14

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