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Through Circular to Lîw Carbon Economy – Concept and Evidences in the EU Members

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  • Sonia Chipeva
  • Vania Ivanova

Abstract

The aim of the study is to present an opportunity for the concept of circular economy to become a lever for the transition to a low-carbon and environmentally friendly economy. The correlation between key indicators for circular economy and change of GHG emissions in EU countries has been analysed, and a series of econometric models have been developed. An analysis has been conducted for 4 sets of countries – Bulgaria, the EU countries as a whole and the communities of old and new members separately. The existence of untapped opportunities related not only to more efficient use of resources, but also to the possibility of radical change in business models has been revealed in the analysis. The conclusions reached show that the concept needs to be extended so as to break the relation between economic growth and waste production, as well as the potential to reduce GHG emissions.

Suggested Citation

  • Sonia Chipeva & Vania Ivanova, 2022. "Through Circular to Lîw Carbon Economy – Concept and Evidences in the EU Members," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 23-37.
    • Handle: RePEc:bas:econst:y:2022:i:6:p:23-37
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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