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The Baltics on their way towards a circular economy
Страны Прибалтики на пути к экономике замкнутого цикла
[journal article]
Abstract Circular economy has been studied extensively both in Europe and worldwide. It is largely viewed as a potential strategy for societal development, aimed to increase prosperity while reducing dependence on raw materials and energy. Many businesses regard circular economy as a way to enhance economic ... view more
Circular economy has been studied extensively both in Europe and worldwide. It is largely viewed as a potential strategy for societal development, aimed to increase prosperity while reducing dependence on raw materials and energy. Many businesses regard circular economy as a way to enhance economic growth and increase profits. Governments across the world actively engage in the discussion about the benefits of a transition to a circular economy and about its impact on employment, economic growth, and the environment. This paper aims to study the major issues of circular economy, to identify its advantages, and to offer an insight into the transition stage the Baltic States are undergoing today on their way to circular economy. It is stressed that the Baltic countries are not fully using the opportunities offered by a circular economy. For example, Latvia's, Lithuania's, and Estonia's recycling rates are significantly below those of other European countries. The Baltics depend heavily on EU financial support. An increase in funding will contribute to the implementation of circular economy technologies.... view less
Keywords
economic cycle; impact; economic growth; employment; environment; Baltic States; recycling; commodity policy; sustainable development; development strategy
Classification
National Economy
Document language
English
Publication Year
2017
Page/Pages
p. 4-14
Journal
Baltic Region, 9 (2017) 3
DOI
https://doi.org/10.5922/2079-8555-2017-3-1
ISSN
2079-8555
Status
Published Version; peer reviewed