CIRCULAR ECONOMY AS A CONDITION FOR SUSTAINABLE DEVELOPMENT OTG

Abstract

The article is devoted to the current topic of today – the introduction of the concept of circular economy in the economy of united territorial communities, in the framework of sustainable development, which involves a gradual transition from a linear model of economy to a closed cycle economy. The article reveals the general concept of circular economy, gives a historical digression into its origin. In addition, the article reviews the research of scientists from different countries on the subject of circular economy. The article also presents a review of business models of the circular economy in leading European countries, which could be useful for use at the local level in Ukraine, provides some comments on their application. Taking into account the best European practices, recommendations are given to Ukraine on the transition from a traditional (linear) economy to a circular economy. It is concluded that taking into account the ideas of the circular economy in shaping the development of communities is not only a modern trend, but also a very important impetus to ensure their competitive advantage in the long run. Further implementation of innovative business models can ensure that technical and biological materials continue to play an active role in the community economy and that important natural resources are preserved. There are still many issues that need detailed research and practical implementation at both the state and local levels of public administration and at the business level. Therefore, the path to an eco-future remains relevant and open in terms of Ukraine's development. The state already has the first steps and a plan until 2030 on how to reduce the level of garbage, raise the level of awareness of citizens and businesses in terms of the transition to a circular economy. The transition to a circular economy, in particular through the use of renewable energy, will reduce the negative impact on the environment and ensure the balance of environmental, economic and social components of sustainable development. This article is an overview, it will help to be acquainted with the concept of circular economy and see the real situation in terms of Ukraine's development.