Challenges and Opportunities in Implementing Circular Economy Strategies: A Focus on the 2030 Agenda

Lupu Cătălina-Mihaela ()
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Lupu Cătălina-Mihaela: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2025, vol. 19, issue 1, 4621-4637

Abstract: The pressing need to tackle environmental degradation, climate change and the depletion of resources has elevated the concept of circular economy (CE) as a key element in sustainable development approaches. In contrast to the traditional linear model characterized by “take-make-dispose,” the circular economy seeks to reimagine production and consumption frameworks to enhance resource efficiency, reduce waste, and foster long-term environmental sustainability. This paper explores the challenges and opportunities of implementing circular economy strategies in alignment with the 2030 Agenda for Sustainable Development. While CE is recognized as a transformative approach to sustainability, barriers such as regulatory fragmentation, financial limitations, and lack of standardized frameworks persist. The role of economic diplomacy is analyzed as a potential facilitator for international cooperation, policy alignment, and investment mobilization. Through a qualitative methodological approach, including case studies and policy analysis, the paper identifies key drivers and obstacles in the transition to a circular economy. Findings highlight the need for stronger multilateral collaboration and targeted policy interventions to accelerate the adoption of CE principles across industries. The primary goal of the circular economy is to establish a stable pathway to prosperity for the whole society by fostering economic growth that protects the environment, ensuring sustainability for future generations. As we move towards 2050, the success will hinge on the capacity to implement both existing and emerging technologies at scale, alongside a range of geopolitical, social, economic, and regulatory influences. Thus, the circular economy becomes a strategic tool for integrating sustainability objectives into international economic policies.

Keywords: circular economy; economic diplomacy; Agenda for Sustainable Development; international cooperation; sustainability; policy alignment (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:19:y:2025:i:1:p:4621-4637:n:1046

DOI: 10.2478/picbe-2025-0353

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