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Assessing Progress towards a Circular Carbon Economy in the G20 Countries

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  • Lejla Terzić

Abstract

As cornerstones of worldwide sustainable development, the circular economy and the circular carbon economy are profoundly interrelated. However, opinions differ on how to optimize the circular economy towards reducing carbon dioxide emissions. This article aims to investigate the different levels of readiness for the circular carbon economy within G20 member countries in the domain of economic efficiency. In that regard, a selection of circular carbon economy sub-indicators have been analysed. Through the use of secondary data, tendencies towards change in this variability were found. The degree of adoption of a circular carbon economy differs among the G20 economies. In terms of the various factors considered in the G20 member countries, the current analysis has determined that there continue to be substantial differences between the best performers and their enabling factors.

Suggested Citation

  • Lejla Terzić, 2024. "Assessing Progress towards a Circular Carbon Economy in the G20 Countries," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 281-322.
    • Handle: RePEc:bas:econth:y:2024:i:3:p:281-322
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    3. Lejla TERZIĆ, 2024. "The importance of resource efficiency indicators in assessing eco-innovation in the European Union countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(638), S), pages 15-28, Spring.
    4. Lejla Terzić, 2024. "An investigation of the interlinkages between green growth dimensions, the energy trilemma, and sustainable development goals: Evidence from G7 and E7 economies," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 24-53.
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    More about this item

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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