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History of Economic Thought, Methodology, and Heterodox Approaches
Financial aspects of circular economy
Rossitsa Rangelova - Economic Research Institute аt BAS
Received: 14 Aug 2022
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Issue 3/2017
JEL
А10
DOI https://doi.org/10.56497/etj1762306
Abstract
In recent years, the concept of a "circular economy" has been gaining ground, which implies that all resources must be managed efficiently throughout their life cycle. As defined by the European Commission in 2014, the fundamental transition towards such an economy involves moving away from 'take-make-consume-dispose' economies (the so-called linear model) and towards a model based on 'reuse, repair, renew and recycle' (the so-called circular economy).