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Role Of Governments In Promoting The Transition To Circular Economy

Author

Listed:
  • Victoria IORDACHI

    (National Institute for Economic Research of Moldova, Republic of Moldova)

  • Rodica PERCIUN

    (National Institute for Economic Research of Moldova, Republic of Moldova)

  • Olga TIMOFEI

    (National Institute for Economic Research of Moldova, Republic of Moldova)

Abstract

The transition to a circular economy has gained a special attention, being on the agenda of public authorities, the business environment, research institutes and non-governmental organizations. Thus, it is expected to bring about significant opportunities in creating new, better-quality jobs and contributing to a more sustainable economic growth. The process of transition to a circular economy is closely related to the reconsideration of unsustainable consumption and production models in order to determine future development opportunities. In Europe, there has been a real interest of the state governments for the implementation of programs and legislation measures on the circular economy. Government actions play a crucial role in making a circular philosophy a reality. This article reviews the efforts of the initiatives of some EU states in modernizing and transforming the European economy, in order to make it move in a more sustainable direction. At the same time, state policies from the experience of advanced countries are described, which can serve as a good example for countries that want to promote the circular economy. The analysis of the Circular Economy practices has proved the limits of its implementation. As a result, it can be concluded that to date there is no government that developed a comprehensive approach to develop the transition plan to circular economy.

Suggested Citation

  • Victoria IORDACHI & Rodica PERCIUN & Olga TIMOFEI, 2020. "Role Of Governments In Promoting The Transition To Circular Economy," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 5(1), pages 55-66.
    • Handle: RePEc:brc:brccej:v:5:y:2020:i:1:p:55-66
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    References listed on IDEAS

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    1. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    2. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    3. Will McDowall & Yong Geng & Beijia Huang & Eva Barteková & Raimund Bleischwitz & Serdar Türkeli & René Kemp & Teresa Doménech, 2017. "Circular Economy Policies in China and Europe," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 651-661, June.
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    More about this item

    Keywords

    Circular Economy; sustainable economic growth; economic instruments; policy measures; sustainable development;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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