Circular Economics: Concept Formation, Evolution of Development, Barriers, Problems and Prospects

Abstract

The article examines the evolution and preconditions for the formation, challenges and factors of the circular economy. The existing scientific approaches to the definition of “circular economy” are analyzed and generalized. It is proposed to consider the term “circular economy” from three positions: as a modern paradigm of development of logistics systems; strategic direction of sustainable development; economic model, which is based on the technology of recycling industrial waste in order to achieve sustainable operation of business models in the national economy. The statistical analysis of the development of the national logistics system taking into account the ecological component is performed. It is established that the “green” transformation of the logistics system of Ukraine in a circular economy is not effective enough. This is due to the limited amount of funding for environmental protection and insufficient development of the industrial waste recycling system. These issues require the development of a set of appropriate institutional measures and the adoption of radical logistics decisions, taking into account the best European experience.

Strategic forecasts for circular economy transition: Evaluation of the role of technology in economic development

“…Unlike growth models based on the utilization of finite resources, the circular economy is not contingent upon such resource consumption. It fundamentally emerges as a progressive trajectory steering society toward sustainable development (Trushkina, 2021) The concept of the circular economy holds diverse perspectives within the realm of scientific literature. Typically, scholars tend to link this concept to such terms, as "circular economy", "cyclical economy", "renewable economy", "closed-loop economy", and "green economy", among others.…”

“…However, a less frequent viewpoint regards it as an autonomous trajectory within the economic theory of the 1970s. Notably, the circular economy is not an alternative to the "green economy" but is an intrinsic element of it to attain sustainable development (Trushkina, 2021). As for a more modern view, in the context of the U.S. Save Our Seas 2.0 Act of 2020, the circular economy is defined as a model that employs a systemic approach.…”

“…N. Trushkina (2021) The adoption of innovative technologies, ranging from advanced materials and manufacturing techniques to digital platforms enabling resource tracking and efficient supply chains ensures the transition towards circularity. By describing ways in which technology intertwines with circular economy strategies, humanity can transition from limited linear, wasteful practices.…”

Circular economy: the future of aquaculture sector in Ukraine

“…In Ukraine, a number of studies are also being conducted aimed at cleaning sewage with the use of aquaculture. It turned out that cleaning with algae is not only an excellent solution for cleaning from chemical cutters, but also contributes to the reduction of bacterial agents, especially enterococci, reducing their quantitative indicator by an order of magnitude in the wastewater of livestock enterprises [9,10,13].…”

Circular economy and cybersecurity: Safeguarding information and resources in sustainable business models

“…Concurrently, the evolution of cybersecurity has become integral to protecting these innovative business models against increasing digital threats. Trushkina (2021) provides a comprehensive overview of the concept formation, evolution, and challenges of the circular economy. The study highlights the transition from a linear economy, characterized by significant waste and inefficiency, to a circular model that aims to minimize waste and make the most of resources.…”