Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
Registration of an entity in print media: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1390 dated 11/16/2023. Media identifier: R30-02018
The journal is indexed in the International Scientific Center of Index Copernicus International

Application of circular economy assessment indicators

# 12 75-79 Download/view the full text of the article

УДК: 339.972

DOI: https://doi.org/10.36887/2524-0455-2023-4-12

Кузьома Віталій Вікторович,
кандидат економічних наук, доцент кафедри обліку і оподаткування, декан факультету перепідготовки і підвищення кваліфікації,
Миколаївський національний аграрний університет,
https://orcid.org/0000-0002-6763-2120
Довгаль Олена Валеріївна,
доктор економічних наук, професор, завідувач кафедри еконо-мічної теорії і суспільних наук,
Миколаївський національний аграрний університет,
https://orcid.org/0000-0003-3353-4749

The circular economy is an alternative economic model focused on increasing the efficiency of resource use and reducing the impact on the environment. In recent years, the circular economy has gained increasing importance as a tool that provides solutions to some of the most pressing challenges in sustainable development. Since the concept and principles of the circular economy are gradually accepted by all subjects at the state and international levels within the framework of sustainable development programs, measuring progress or regression of circularity has become an essential component of assessing the sustainability of the socio-economic development of states. However, the measurement of circularity may come across some problems due to the multifaceted nature of the concept, its connections with many sectors of the economy, and its geographical scope. Indicators are critical for economic assessment at all levels, from the micro (enterprise) to the macro (regional and national) and global levels, emphasizing raw materials, fuels, and energy, production, and consumption waste. Resource efficiency and waste reduction play a central role in the circular economy, so material flow indicators are particularly relevant. Most of them are collected and evaluated by international standards and are the basis for making important decisions in both public and private sectors. The paper analyzes the evaluation levels of circular transformations. It is emphasized that the methodological landscape of the circular process assessment should contain quantitative and qualitative indicators that provide sufficient information about cyclicality at all levels of economic management. At the level of the industry and types of economic activity, the range of indicators for assessing the level and efficiency of circularity has its specificity and separate methodological approaches. In the agro-food sector, the “closedness” of production and economic relationships is most often assessed by indicators of the annual volume of food waste, the share of its further re-processing, the number of investments received in the industry, and the level of waste disposal.

Keywords: indicators, circular economy, assessment, indices, business transformation.

References.

  1. What is Circular Economy? Available at: https://www.msci.com/our-solutions/indexes/thematic-investing/circular-economy-indexes.
  2. Adibi, N., Lafhaj, Z., Yehya, M., Payet, J. (2017). «Global Resource Indicator for life cycle impact assessment: applied in wind turbine case study». Clean. Prod. №165 (2017). рр. 1517-1528.
  3. [Eurostat]. Available at: https://ec.europa.eu/eurostat.
  4. Geng, Y., Fu, J., Sarkis, J., Xue, B. (2012). «Towards a national circular economy indicator system in China: an evaluation and critical analysis». Journal of Cleaner Production. №23. рр. 216-224
  5. A new economic model for people and planet. Available at: https://www.metabolic.nl/what-we-do/circular-economy/.
  6. Mitsenko, I.M., Khadzhynov, I.V. (2022). «Concepts of circular business models of key European companies». Ekonomika i orhanizatsiia upravlinnia. № 1(45). рр. 25-29.
  7. Kovalenko, O.V., Yaschenko, L.O. (2022). «Circular economy as an effective tool for reducing food losses and waste in Ukraine and the world». Prodovol’chi resursy. 10. № 19. рр. 201-206.
  8. Yukhnov, B., Ostrovs’kyj, I., Korsakov, D. (2022). «Analysis of the development of the circular economy on the example of the use of integral indices». Elektronne naukove fakhove vydannia «Adaptyvne upravlinnia: teoriia i praktyka» Seriia «Ekonomika». № 13(26). Available at:https://amtp.org.ua/index.php/journal2/article/view/452/392.
  9. Fan, W., Zhang, P., Xu, Z., Wei, H., Lu, N., Wang, X., Dong, X. (2018). «Life cycle environmental impact assessment of circular agriculture: A case study in Fuqing, China». Sustainability. № 10. рр. 1810.

The article was received 03.12.2023

Quote article, APA style

Kuzoma V. , Dovgal O. 03.12.2023. Application of circular economy assessment indicators. Actual problems of innovative economy and law. 2023. №4. 75-79 pp. https://doi.org/10.36887/2524-0455-2023-4-12

Quote article, MLA style

Kuzoma V. , Dovgal O. Application of circular economy assessment indicators. Actual problems of innovative economy and law. 03.12.2023. https://doi.org/10.36887/2524-0455-2023-4-12