Abstract

TITOVA, Natalya Yu.  and  TERENTYEVA, Tatyana V.. Principles of circular economy introduction in Russian industry. Universidad y Sociedad [online]. 2020, vol.12, n.5, pp. 203-208.  Epub Oct 02, 2020. ISSN 2218-3620.

The relevance of this article is conditioned by the need to take into account environmental risks, reduce the negative impact of industrial production on the environment. An effective tool solving these problems is the concept of a circular economy, which is a promising area of modern economic science. The purpose of this article is to determine the principles that enable the introduction of a circular economy in Russian industry. Using the methods of content analysis, the authors determined the origins of the studied concept in the USSR, as well as its relationship with the theory of sustainable development and the green economy. It is proved that the existing principles of industrial recycling, which define the concept of a circular economy, need to be supplemented, since they do not contain the description of the economic effects of their implementation in production. The authors indicated that the key principles are the principle of accounting and assessing the potential cost of waste, the principle of resource differentiation, the principle of saving from the use of renewable resources, and the principle of a product life increase. The developed principles are supplemented by the description of business strategies, the measures of institutional regulation, as well as the criteria for economic efficiency evaluation. The results of the study can be used to develop the strategies introducing a circular economy in industrial organizations.

Keywords : Circular economy; sustainable development; structural modernization; industry; circular economy principles.

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