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Circular Economy: Limitations of the Concept and Application Challenges

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  • Aleksandar Shivarov

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

Circular economy is a popular notion promoted by the EU, by a number of national governments and by many businesses around the world. However, it looks like a collection of visionary ideas without a firm scientific basis. We try to place it in the framework of sustainability and outline some of the existing limitations of the current form of the concept. The second part of the paper presents an overview of the rate of adoption of circular economy approaches at global, European and industry level and the challenges to their application

Suggested Citation

  • Aleksandar Shivarov, 2020. "Circular Economy: Limitations of the Concept and Application Challenges," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 9(3), pages 144-152, December.
    • Handle: RePEc:vra:journl:v:9:y:2020:i:3:p:144-152
    DOI: 10.36997/IJUSV-ESS/2020.9.3.144
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    References listed on IDEAS

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    1. Fenna Blomsma & Geraldine Brennan, 2017. "The Emergence of Circular Economy: A New Framing Around Prolonging Resource Productivity," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 603-614, June.
    2. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    3. Kim, Kibum & Baek, Chulwoo & Lee, Jeong-Dong, 2018. "Creative destruction of the sharing economy in action: The case of Uber," Transportation Research Part A: Policy and Practice, Elsevier, vol. 110(C), pages 118-127.
    4. Teodoro Gallucci & Giovanni Lagioia & Vesselina Dimitrova & Stoyan Marinov & Vera Amicarelli & Bistra Vassileva & Sabka Pashova & Petyo Boshnakov & Plamena Palamarova & Yordan Ivanov, 2019. "Theory And Practice Of Circular Economy," Monographic library "Knowledge and business" Varna, Publishing house "Knowledge and business" Varna, number 6.
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    More about this item

    Keywords

    Circular economy; Sustainable development; Sustainability; Recycling;
    All these keywords.

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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