Trends in a Global Circular Economy

Abstract

Abstract The article analyzes the indicators and dynamics in a global circular economy. The methodological bases of the study are the fundamental provisions of the closed-loop economy model. Structural-functional method, historical and logical method, comparative analysis, intuitive forecasting, graphical and tabular, method of induction and deduction are used in the article. It is revealed that the development of the circular economy model is characterized by such trends as the responsibility of packaging companies for the final life of materials; development of chemical processing on a commercial scale; material footprint reduction by reducing the level of household, enterprises and the other economic agents’ consumption. It is proved that the introduction of the circular economy model will help to increase GDP and average employment and to reduce greenhouse gas emissions. It has been established that the European Union’s Ecodesign Directive, the Environmental Management and Audit Scheme (EMAS), the Environmental Choice Program, the TCO Certified, etc. play an important role in encouraging business and the public to take environmental issues into account.