THE CONCEPT OF CIRCULAR ECONOMY IN THE BASIS OF SUSTAINABLE DEVELOPMENT: THEORETICAL ASPECT

Based on the generalization of modern scientific research, the main directions of creation and development of the concept of circular economy are substantiated in terms of the following stages: creation of stable high-level technology with a closed cycle; creation of a circular economic model, which is based on the hypothesis of broad interdependence between the economy and the environment; creation of a concept of the transition of industry to waste-free activities, as well as support for a continuous production cycle.The article presents a SWAT analysis of the implementation of the principles of the circular economy (CE), which can serve as the basis for a comprehensive approach and strategic planning for a successful transition to CE.It was found that the most favorable scenario for the transition to a circular economy is the “Global Circular Society” scenario, which involves the full-scale use of circular economy approaches both at the level of value chains and at the level of society as a whole. To determine progress in the transition to a circular economy under this scenario, the authors proposed key indicators.Keywords: sustainable development, circular economy, financial policy, global circular society, transition indicators.