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The Circular Economy Between Limits And Opportunities

Author

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  • Olga TIMOFEI

    (National Institute for Economic Research, Republic of Moldova)

Abstract

From the perspective of increasing the world's population, the pressures on the environment and most natural resources that serve as raw materials (fuels, minerals and metals), food, sun, water and biomass are increasing. Given that natural resources are indispensable for the functioning of the economy and contribute significantly to the quality of our lives, it would be appropriate to reduce our consumption of materials from the design stage of products. In this context, the circular economy, which aims in particular at a goal of zero waste and the rehabilitation of all problems, is a solution. The development of this type of economy is already a clear political will in several countries. It is also possible to make the least use of non-renewable resources by opting for the use of renewable resources, depending on their renewal rate and the disposal of waste through recycling, repair and reuse. In this paper we aim to present the limits of the linear economy and the concept of circular economy, in the context of the situation of the circular economy in the world.

Suggested Citation

  • Olga TIMOFEI, 2021. "The Circular Economy Between Limits And Opportunities," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(2), pages 32-38.
    • Handle: RePEc:brc:brccej:v:6:y:2021:i:2:p:32-38
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    References listed on IDEAS

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    1. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
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    More about this item

    Keywords

    Circular Economy; Sustainable Development; industrial ecology; ecodesign;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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