Case Circular Economy of Serbia

Abstract

The circular economy is an industrial system that replaces the linear concept, which deals with reparation, is based on renewable energies, eliminates the use of toxic chemicals, reduces carbon emissions and aims to eliminate waste through superior design of materials, products and systems. By moving away from the current linear towards a circular economy, where at the end of a product's life, the materials used to produce it are reused wherever possible, a more stable economy is created. Moving away from the current linear towards a circular economy, in which at the end of a product's life, the materials used to manufacture it are reused wherever possible, thus creating a more stable economy in the process. The application of the circular economy in practice brings a number of benefits at the national level in the field of more efficient exploitation of resources (this reduces the total costs and import dependence of the country), reduces the harmful effects of damage to the environment, creates new opportunities for creating added value and creates new jobs and sustainable forms of consumer behavior are introduced. The concept of the circular economy is becoming more and more important for individual corporations and their operations—a number of global corporations are implementing measures in accordance with the basic principles of the circular economy in order to improve their competitive position. The development policy in Serbia has recognized the circular economy and the application of the circular (green) economy concept as a possibility for the future development of the Serbian economy.