ANALYSIS OF THE EUROPEAN FRAMEWORK ON THE CIRCULAR ECONOMY

Abstract

In the transition to a circular economy, monitoring key trends and patterns is essential to understand how the various elements of the circular economy develop over time, identify Member States' success factors and to assess whether sufficient action has been taken. Thus, the EU Council, based on the results of the monitoring, must be based on setting new priorities for achieving the long-term goal of the circular economy in the future. The crisis caused by Covid-19 mitigates part of the impact of economic activities on the environment and climate. Thus, the transition to a more circular economy could bring benefits such as reducing pressure on the environment, improving security of supply of raw materials, increasing competitiveness, stimulating innovation, stimulating economic growth, creating jobs. The authors in this study analyze the European framework on the circular economy.