The role of circular economy in handling global environmental and economic challenges

Abstract

The concept of Circular Economy (CE) is a crucial element in handling the most important global environmental and economic challenges of the 21st century. Circular economy can be considered as an alternative to traditional linear economic systems at global level. This research is performed along the following baseline question: is the model of circular economy an appropriate tool for rethinking economic growth, and enhancing sustainability by changing attitudes towards production and consumption patterns? The investigations are also about exploring the cases where the contemporary best practices of CE can be identified in a global context. The paper focuses on the the implementation of circularity in the industrial sector. The methodology is based on literature review, examination of case studies and qualitative research (interviews with stakeholders, NGOs and companies). The results of the research can be expected to be relevant at regional, national and global level too, as CE may play a significant role in creating new jobs, supporting social inclusion, and contribute to the catching-up processes of local communities, regions and less developed countries as well.