Strategic Documents in the Field of Circular Economy. Funding Opportunities
Strategic Documents in the Field of Circular Economy. Funding Opportunities

Author(s): Mario Milov
Contributor(s): Savina Mihaylova-Goleminova (Editor)
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Commercial Law
Published by: Сиела Норма АД
Keywords: circular economy; strategic documents; European strategic documents; national strategic documents; finance and investments; European Structural and Investment Funds; sources of financing for green inv
Summary/Abstract: The circular economy is a sustainable alternative that aims at economic growth and environmental protection at the same time. Its model attempts to extend the life cycle of products. In practice, this means sharing, borrowing, reusing, repairing and recycling existing materials and products for as long as possible. When a product reaches the end of its life, the materials that make it up continue to have other uses. This can be repeated over and over again, thus minimising waste disposal. The increasing consumption of resources and the environmental consequences it causes require a change in the economic model. The concept of a circular economy is part of this change. Its notion is built in opposition to the traditional linear model, where raw materials are used to make things and products which are then consumed and the leftovers thrown away. This model relies on large quantities of cheap and available materials and energy sources.

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