Circular Economy and Globalized Waste Management

Abstract

The analysis of adaptation circular economy according to the principles of 3R (Reduce, Reuse and Recycle) is made and the fourth principle is proposedglobal corporate social responsibility (Responsibility), as obligatory in the formation of global circular value added chains. Successful practical examples (startups) of the basic ideas of circular economy implementation are proposed. The circular economy should be considered at the micro, mesa and macro levels, covering production, consumption and proper waste management. Indicators of micro, mesa and macro are evaluated for implementation circular economy. Circular economy as a vector for sustainable development requires a needed shift from linear to circular way of thinking. Circular economy seeks to separate economic growth from using of the natural resources and ecosystems through more effective use of these resources. According to the definition it is a driving force for innovation in the resource and component reuse product that is equivalent to the new business models, particularly in the service sector. Outlined prerequisites that make the circular economy like necessary business model, including the resources and pricing them, the increasing number of middle class, «big data», changing legislation and management, the transition from «agreement» to «relations». It is alleged that the transition to a circular economy means changes in thought and action,

The concept of balanced development of waste management

“…The development of industrial production led to the launching of a consumer economy. The need to switch to the "Circular economy" leads to increased attention to the formation of a balanced policy for all resources [27], [28], [29].…”

Effects of Circular Economy Policies on the Environment and Sustainable Growth: Worldwide Research

“…According to this model, all products have a linear cycle, comprising the extraction of raw materials; processing and transformation into products; the distribution and sale; the use; and, finally, the disposal as waste [19][20][21]. In the linear model (extraction, manufacturing, use, and disposal), there is no recovery or reuse of products, so the materials that were previously products or merchandise become unusable waste [22].…”

Mapping and visualizing of research output on waste management and green technology: A bibliometric review of literature

“…Effective waste management (WM) is essential to transition from a linear to a CE. In a CE (Zvarych, 2017), green technology (GT) protects the environment and does other beneficial tasks. According to researchers (Schneider and Ragossnig, 2015; Tye, 2020; Yasuhara et al, 1999), a CE is one in which items are reused and less energy is wasted; therefore, the CE safeguards the environment and the natural resources of the earth (Yaqub et al, 2020).…”