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The Relevance of the Circular Economy in the Context of Sustainable Development

Author

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  • Zăpucioiu Luiza-Florentina

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Sterie Maria-Cristina

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Dimitriu Theodor Anton

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Circular economy, the economic model that aims to maximize the use of resources and minimize the impact on the environment by reusing, recycling and encouraging regeneration. Through the SPSS statistical program, estimates are made regarding 3 indicators, the final energy consumption by agriculture and forestry per hectare of used agricultural area, The share of renewable energy in the final gross energy consumption per sector, The recycling rate of municipal waste are needed to be able to identify the direction Romania is heading in the next 10 years. Thus, the final energy consumption by agriculture and forestry per hectare of surface increases from 43.32% in 2021 to 43.32% in 2030, being necessary to adopt new sustainable agricultural practices in order to achieve efficient agriculture by reducing the consumption of energy. According to estimates, the share of recycled municipal waste has increased significantly over the last 20 years, from 1.6% in 2001 to 11.3% in 2021, with Romania expecting to reach 27% by 2030.

Suggested Citation

  • Zăpucioiu Luiza-Florentina & Sterie Maria-Cristina & Dimitriu Theodor Anton, 2023. "The Relevance of the Circular Economy in the Context of Sustainable Development," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1534-1543, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:1534-1543:n:50
    DOI: 10.2478/picbe-2023-0138
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    References listed on IDEAS

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