Circular economy and “green technologies”

Abstract

The feature of the circular economy is the restorative and closed nature of the production cycle with the “green” nature-like technologies application which reduce greenhouse gas emissions, slow down the temperature rise on the planet and preserve the environment. The circular economy approaches correspond to the concept of goal-setting of the United Nations Organization in the mainstream of sustainable socio-economic development and are widely used in the countries of the European Union. As a part of their research, scientists have defined a circular economy as the economy which involves the total multiple processing of the resources applied and provides energy savings. In this regard, the circular economy is called “green”, i.e. preserving the natural resources of the planet and the environment on the basis of information technology. Currently, there is enough evidence that circularity has begun to permeate linear economics and that innovative products and contracts are already available in various forms.