Affiliation:
1. Universidad Catolica de Valencia , Valencia , Spain
2. Bucharest University of Economic Studies , Bucharest , Romania
Abstract
Abstract
The paper explores the transition to a circular economy within the European Union, focusing on maintaining the value of products and resources in the economic cycle and reducing waste production (pollution and generated waste). EU environmental policy emphasizes ecologically sound waste management and responsible use of secondary materials, forming the basis for a circular economy. While viewing waste as future resources remains challenging, the concept of "waste management, prevention, and utilization" is the cornerstone of this approach, requiring significant investments in innovation, research, and economic development. The article underscores the impact of pollution as a barrier to socio-economic development and highlights the importance of efficient waste management for environmental protection. The economic analysis, based on simple linear regression, reveals disparities among EU member states regarding pollution levels and waste generation. The increasing quantities and diverse nature of waste generated in the EU pose growing challenges. Municipal waste, representing a substantial proportion, exhibits significant variations in management practices among member states. To achieve sustainability, an integrated approach within the EU is essential, requiring substantial efforts from member states to accelerate the transition to a circular economy. The conclusions highlights the importance of efficient waste management and the need for concrete measures to reduce pollution and promote a sustainable economy.
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