Grassroots Journal of Natural Resources

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VOLUME 7, ISSUE 3 (DECEMBER 2024) | Grassroots Journal of Natural Resources

Coordinated and published by The Grassroots Institute, the Grassroots Journal of Natural Resources (GJNR) is an international journal dedicated to the latest advancements in natural resources throughout the world. The goal of this journal is to provide a platform for scientists, social scientists, policy analysts, managers and practitioners (on all academic and professional levels) all over the world to promote, discuss and share various new issues and developments in different arenas of natural resources.

VOLUME 7, ISSUE 3 (DECEMBER 2024)

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M – 00476Review & Analytical Article

The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production

Tetiana Gorokhova1, Alla Kozlova*2, Yaroslav Laguta3, Larysa Skrashchuk4, Serhii Kaminskyi5

1Centre for Advanced Internet Studies, Bochum, Germany. Email: tetiana.gorokhova@cais-research.de ǀ ORCID: https://orcid.org/0000-0003-0435-5047

2Department of Economics and Business Management, Interregional Academy of Personnel Management, Kyiv, Ukraine. Email: ai.kozlova.al@gmail.com | ORCID: https://orcid.org/0000-0003-2336-4600

3Zhytomyr Polytechnic State University, Zhytomyr, Ukraine. Email: laguta.yn@i-c.kiev.ua | ORCID: https://orcid.org/0000-0002-2338-5500

4Department of Economic and Mathematical Modeling, Faculty of Economics, Yuriy Fedkovych Chernivtsi National University, Chernivtsi, Ukraine. Email: l.skrashchuk@chnu.edu.ua ǀ ORCID: https://orcid.org/0000-0001-7842-1540

5Department of Economics and Business Finance, State University of Trade and Economics, Kyiv, Ukraine.

Email: s.kaminskkyj@knute.edu.ua ǀ ORCID: https://orcid.org/0000-0002-4884-1517

*Corresponding Author

Grassroots Journal of Natural Resources, 7(3ukr): s191-s211. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr10

Received: 23 October 2024

Reviewed: 08 November 2024

Provisionally Accepted: 12 November 2024

Revised: 22 November 2024

Finally Accepted: 25 November 2024

Published: 31 December 2024


                                    

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ABSTRACT

In the last decade, the circular economy has transformed into a new paradigm that attempts to tackle global environmental and resource challenges. Starting in the late 20th century, this concept began as a reaction to the growing realization of the limits of linear economic systems, focused on the extraction and abandonment of resources rather than sustainability. Technological progress, policy reforms, and heightened environmental consciousness have led over the years, to the adoption of circular principles in industrial processes. Initial efforts were oriented towards waste management and recycling, these being developed to comprehensive approaches that encompass such initiatives as product design, resource regeneration and systemic innovation. The study examines the factors that enhance the application of circular economy in environmentally sustainable industrial production and resource efficiency and environmental damage. Applying circular approaches in the Netherlands leads to a 30% decrease in the demanded primary resources and a 25% decrease in industrial waste. On the same note, the circular economy models have been used in China to reduce CO₂ emissions in heavy industries by 20%. Currently, Japan has managed to recycle 80% of its plastic waste and Germany has applied regenerative technologies into construction to reduce the usage of natural resources by 35%. Nevertheless, the following challenges are evident: high implementation costs, weak legislation and regulatory frameworks, and insufficient waste disposal facilities. The findings of this research will enable partnership support in overcoming these challenges in the promotion of a circular economy as a viable model for industrial transformation.

Keywords

Circular economy; Environmentally sustainable development; Industrial production; Environmental sustainability; Renewable resources

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HOW TO CITE THIS PAPER?
Harvard Style

Gorokhova, T., Kozlova, A., Laguta, Y., Skrashchuk, L. and Kaminskyi, S. (2024). The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production. Grassroots Journal of Natural Resources, 7(3): s191-s211. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr10

APA Style

Gorokhova, T., Kozlova, A., Laguta, Y., Skrashchuk, L., & Kaminskyi, S. (2024). The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production. Grassroots Journal of Natural Resources, 7(3), s191-s211. https://doi.org/10.33002/nr2581.6853.0703ukr10

ACS Style

Gorokhova T., Kozlova A., Laguta Y., Skrashchuk L., Kaminskyi S. The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production. Grassroots Journal of Natural Resources, 2024, 7 (3), s191-s211. https://doi.org/10.33002/nr2581.6853.0703ukr10

Chicago/Turabian Style

Gorokhova, Tetiana, Kozlova, Alla, Laguta, Yaroslav, Skrashchuk, Larysa, Kaminskyi, Serhii. 2024. “The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production”. Grassroots Journal of Natural Resources, 7 no. 3: s191-s211. https://doi.org/10.33002/nr2581.6853.0703ukr10

AAA Style

Gorokhova, Tetiana, Alla Kozlova, Yaroslav Laguta, Larysa Skrashchuk and Serhii Kaminskyi. 2024. “The Role of the Circular Economy in Advancing Environmentally Sustainable Industrial Production”. Grassroots Journal of Natural Resources, 7 (3): s191-s211. https://doi.org/10.33002/nr2581.6853.0703ukr10

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