Peculiarities of implementing mechanism of circular economy in the context of sustainable development of communities

Abstract

The article analyzes prospects for implementing mechanisms of closed-loop economy (circular economy) at local level based on strengthening material and financial base of communities, expanding their managerial powers due to decentralization. Relevant changes in the approaches to form communities' socio-economic sphere aimed at gradual transition to circular economy have been pointed out, as well as main priorities in the framework of such transition are identified and characterized. Main directions and measures are suggested, which are aimed at achieving resource efficiency, waste processing, using secondary raw material and minimizing environmental damage in the framework of social and economic activities. Methodological principles for the study were methods of system analysis (to analyze circular economy as holistic system of interconnected elements with specific functions), generalization (to outline main directions and applied propositions for implementing circular economy at the level), comparison (to compare linear and circular models of economy).