Imperatives for the formation and development of the circular economy and global waste management

¹ Chernihiv Polytechnic National University, Department of Theoretical and Applied Economics, 95, Shevchenko Str., 14035 Chernihiv, Ukraine
² Uman National University of Horticulture, 1 Instytutska str., 20305 Uman, Ukraine

^* Corresponding author: innakhomenko28@gmail.com

Abstract

The world ecological problem of waste accumulation, environmental pollution and the need to develop a circular economy are described. The aim of the article is to show the advantage of using a circular economy in the management of the national economy. It is substantiated that resource management should radically change from a linear model of accept-use-dispose to a more stable, circular model. It is proved that the principles of circular economy are not based on the management of material and waste flows, but on more valuable methods, such as maintenance, recycling and reuse. Different models of circular economy and their shortcomings are considered. Based on practical world experience in implementing the concept of circular economy, 5 main circular business models are identified. It has been established that circular supply chains that minimize waste and seek to reuse, repair and recycle where waste cannot be prevented should be more sustainable than the linear systems they replace. It was found that in the absence of effective resource management, the current environmental situation will lead to fatal consequences, which confirms the need for public administration to ensure the use of a circular economy.