APPROACHES TO ASSESSING THE EFFECTIVENESS OF THE IMPLEMENTATION OF THE POLICY OF THE CLOSED CYCLE ECONOMY IN THE SOCIO-ECONOMIC SPACE OF THE REGION

This study aims to analyze approaches to assessing the effectiveness of implementing circular economy policies in a region’s socio-economic space, identify key factors influencing the successful transition to a circular economy, and determine the most effective strategies for its implementation. The analysis justifies the necessity of a comprehensive approach to evaluating the effectiveness of a circular economy, encompassing economic, environmental, and social aspects. Prospective directions of state policy facilitating the successful adoption of a circular economy have also been identified, including the development of recycling infrastructure, business support, and the stimulation of innovative technologies. The study concludes that a comprehensive efficiency assessment, considering economic, environmental, and social aspects, is essential for a successful transition to a circular economy in regions. Key factors include the development of recycling infrastructure, business support, and the stimulation of innovative technologies. Implementing these strategies will contribute to the region’s sustainable development, reduce negative environmental impacts, and create new jobs.