Open AccessTHE CIRCULAR ECONOMY AS AN ELEMENT OF GREEN TRANSFORMATION IN BULGARIA
Author(s) -
Vania Ivanova
Publication year - 2021
Publication title -
trakia journal of sciences
Language(s) - English
Resource type - Journals
eISSN - 1313-3551
pISSN - 1312-1723
DOI - 10.15547/tjs.2021.s.01.012
Subject(s) - circular economy , order (exchange) , government (linguistics) , work (physics) , resource (disambiguation) , resource efficiency , production (economics) , business , value (mathematics) , transformation (genetics) , economic system , transition (genetics) , environmental economics , economics , computer science , microeconomics , engineering , ecology , computer network , philosophy , mechanical engineering , linguistics , biochemistry , chemistry , finance , machine learning , gene , biology
In order to successfully meet the EU's resource efficiency targets by 2030, the transition to a circular economy model should become a state priority. This implies that the concept should be expanded not only to waste reduction and recycling, but also to the disruption of the dependence between economic growth and waste production. The purpose of this paper is to analyse how far in Bulgaria is done the transition to a circular model, while making a comparison with the EU and to prove the need for an accelerated implementation of adequate measures on the part of public authorities to promote such a change. Work is based on a descriptive analysis of secondary data on the performance of the selected indicators of circular economy and comparative analysis within the EU. The analysis shows the presence of a certain delay compared to the EU average indicators as well as unused opportunities not only related to more efficient use of resources, but also to a radical change in the business model. The conclusions reached indicate the existence of a number of obstacles that delay the transition. This calls for accelerating the reform of eco-fiscal and innovative government policies. The added value of the article is not only the analytical consideration of the problems, but mostly in drawing up recommendations for future measures.