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Title: THE ROLE OF INVESTMENT AND INNOVATION POLICY IN THE FORMATION OF A CIRCULAR ECONOMY
THE ROLE OF INVESTMENT AND INNOVATION POLICY IN THE FORMATION OF A CIRCULAR ECONOMY

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Arturas Simanavicius Lilita Abele; Borys Smorodov
10.5593/sgem2023V/4.2/s18.13
10.5593/sgem2023v/4.2
1314-2704
978-619-7603-65-1
English
23
4.2
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Recycling
Pursuing sustainability in a rapidly changing global landscape has necessitated a paradigm shift in economic models. At the forefront of this transformation is the Circular Economy, characterized by the continuous reuse, recycling, and remanufacturing of products and materials, which has gained prominence as a means to address pressing environmental challenges while fostering economic growth. This research explores the interplay between the circular economy, innovation, investment, and social responsibility. These four pillars are essential components of a unified approach to achieving a circular economy through a project management approach. The impact is determined using a survey of ten experts from different sectors of Ukraine, who were surveyed electronically in 2023 from May to August. The Kendell correlation method assessed the extent of expert consensus to present survey results. As a result of the research, an algorithm for implementing the circular economy is proposed innovatively, ensuring companies implement material recycling and create industrial symbioses more successfully. This study aims to guide companies and interested parties in bringing the circular economy to life by ensuring material recycling from light industrial plants.
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https://doi.org/10.5593/sgem2023V/4.2/s18.13
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Proceedings of 23rd International Multidisciplinary Scientific GeoConference SGEM 2023
23rd International Multidisciplinary Scientific GeoConference SGEM 2023, 28-30 November, 2023
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference-SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Russian Acad Arts; Turkish Acad Sci.
105-112
28-30 November, 2023
website
9439
circular economy, recycling, project management, security, investment and innovation policy