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The implications of circular economy development at European level

Author

Listed:
  • Laurențiu Paul Barangă

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Elena-Ioana Țanea

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

In the context of the production of more than 2,5 billion tons of waste every year in the European Union, the circular economy is a matter of significant importance, debated in the European area and beyond. The transition to the circular economy involves reducing waste to the lowest level and replacing the traditional linear purchase-use-disposal economy. Thus, given the World Bank’s 2050 estimates (2018), which support an increase in annual waste production by 70% and the premise that the United Nations’ Sustainable Development goals made, that the population will require the resources of three planets, moving toward a circular economy is a necessity for both the environment and society.

Suggested Citation

  • Laurențiu Paul Barangă & Elena-Ioana Țanea, 2023. "The implications of circular economy development at European level," Journal of Financial Studies, Institute of Financial Studies, vol. 14(8), pages 203-210, June.
    • Handle: RePEc:fst:rfsisf:v:14-special-june:y:2023:i:8:p:203-210
    DOI: 10.55654/JFS.2023.SP.14
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    References listed on IDEAS

    as
    1. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
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    More about this item

    Keywords

    circular economy; linear economy; pollution; sustainable development; sustainability.;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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