Open AccessTHE STRUCTURE OF THE SECONDARY RESOURCES MARKET IN UKRAINE
Author(s) -
Karina Stromilova
Publication year - 2020
Language(s) - English
DOI - 10.32782/2224-6282/164-25
Subject(s) - circular economy , business , legislation , environmental economics , secondary market , industrial organization , commerce , economic system , economics , finance , ecology , political science , stock exchange , law , biology
In the last decade, the European Union has adopted a number of the docu-ments that define the main ways of transition to a circular economy. The transition to a circular economy is due to the excessive burden on the environment of the existing business models. The secondary resources market, as one of the key elements of the circular economy, is becoming an integral and important component of any economic system. The definition of the secondary resources market as a set of economic relations in the field of demand and supply for the use of waste as secondary resources have been considered. The structure of the secondary resources market has been analysed. The institutional and legal, business and consumers subsystems have been identified as main subsystems of this market. The key elements of each subsystem have been described. Sources of formation of secondary resources with their division into as production and consumption have been considered. The key factors influencing on the market of the secondary resources have been formulated. Among which, in particular, the use of economic instruments; system of organization of collection, sorting and storage of waste; amount and quality of secondary raw materials; waste transportation costs and others. The role of the National policy and legislation at the process of acceleration secondary resource market development in Ukraine has been defined. The key strategic documents such as National Waste Management Strategy in Ukraine until 2030 and National Waste Management Plan in Ukraine until 2030 have been considered as a key documents implementation of which will allow further development of the secondary resources market. In particular, the development and implementation of the Regional waste management plans in each oblast of Ukraine will allow to build effective waste management schemes (for household, industrial, medical, construction waste, etc.) with the priority of their recycling in each region of the country; create a waste processing infrastructure based on the principles of self-sufficiency and proximity; set waste management tariffs based on full cost recovery, etc.