Open AccessEXTENDED PRODUCER RESPONSIBILITY IN THE CONCEPT OF THE CIRCULAR ECONOMY DEVELOPMENT
Author(s) -
Roman Zvarych,
Iryna Zvarych
Publication year - 2019
Publication title -
svìt fìnansìv
Language(s) - English
Resource type - Journals
eISSN - 2415-3672
pISSN - 1818-5754
DOI - 10.35774/sf2019.03.076
Subject(s) - circular economy , process (computing) , business , government (linguistics) , identification (biology) , production (economics) , industrial organization , social responsibility , environmental economics , economics , economic system , economy , computer science , microeconomics , ecology , linguistics , philosophy , botany , biology , operating system
. The research of theoretical principles of extended producer responsibility realization needs the identification of potential models of waste collection and disposal for Ukraine. Risks, threats and challenges of improving waste management efficiency provide significant business opportunities. As a result, the circular system allows efficient movement of materials, energy, labor and information for the purpose of restoring natural and social capital. Therefore, the circular economy is part of an effort to increase economic development, overcome wasteful consumption, and reduces undemocratic power structures in the global economy.Purpose. The objective of this paper is to analyze the theoretical bases of the implementation of extended producer responsibility and to research applied aspects of the concept of development the circular economy.Methods. In the research process, a set of research methods and approaches were used: monographic and graphical methods, methods of system analysis, systematization, classification, logical, theoretical and generalizations.Results. Strategic decisions of the circular economy are based on the operational determination of the process: “raw material-production-utilization-remaking” as a whole. It is necessary to prove to the companies in Ukraine their ability to protect the environment from the use of the extended producer responsibility strategy. Industrial waste funds need to be created for businesses that do not have environmentally friendly recycling technologies. Local Government should separate waste collection, sorting and recycling.Conclusions.It is advisable to research the concept of circular economy development and extended producer responsibility on the basis of national and foreign experience on circularity of economy, its concepts and variations. Bad reputations influence the stock quotes of corporations on international exchanges and economically justify the potential consequences of the colossal losses of the company. Corporate responsibility in European companies comes as a result of severe penalties for failing to comply with environmental standards.