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Mapping Circular Economy Performance: EU Member States Analysis and Insights

Author

Listed:
  • Vargas Vanesa Madalina

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Ciucu Durnoi Alexandra-Nicoleta

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Teodorescu Cosmin Alexandru

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Delcea Camelia

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The concept of the circular economy was created around the desire to extend the life of products and, implicitly, their use in an economy. The waste reduction process is founded on the basis of the three R's - reduce, reuse, recycle, which aims to conserve natural resources. In order to determine the contribution made by the European Union (EU) states regarding the circular economy sector, a descriptive analysis was carried out at the level of the member countries, followed by the identification of their ranking regarding the performances recorded in accordance with the analyzed indicators, a final step being the realization of a cluster analysis through which to determine the similarities and differences between them. Among the results obtained, it was found that the countries in the center of the EU have among the highest values in terms of private investment related to circular economy sectors, but also for resource productivity, although they have among the lowest percentages of people employed in this field, but and among the largest greenhouse gas emissions from production activities.

Suggested Citation

  • Vargas Vanesa Madalina & Ciucu Durnoi Alexandra-Nicoleta & Teodorescu Cosmin Alexandru & Delcea Camelia, 2024. "Mapping Circular Economy Performance: EU Member States Analysis and Insights," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 1398-1412.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1398-1412:n:1020
    DOI: 10.2478/picbe-2024-0115
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