Circular Economy: Global Experience and Practical Aspects of Implementation in Ukraine

Abstract

Further application of the 'linear' model of the economy with trends towards an increase in the world's population and high rates of extraction of natural resources exacerbates the problem of human survival in the short term. The circular economy as a significantly different model is focused not only on reducing the consumption of natural resources, but also on using them more efficiently in the longer term, recycling and reduction of waste, which generally makes it possible to achieve the Sustainable Development Goals. The most developed countries of the world and the EU Member States have already gained the necessary experience in applying the basic principles of circular economics, which allow not only to improve the environmental situation but also ensure high economic efficiency in implementing measures at interrelated levels (national, corporate, personal). Ukraine develops strategies for broader implementation of the circular economy principles, while lagging behind other countries. The analytical study is aimed at identifying key problems that need to be addressed in order to reduce the gap in the development of the circular economy.