THE CIRCULAR ECONOMY AS AN INNOVATIVE APPROACH TO FIGHTING CLIMATE CHANGE: A STATISTICAL STUDY OF ITS IMPACT ON THE SUSTAINABLE DEVELOPMENT

The circular economy, based on principles of resource preservation, recycling, and reuse, presents an innovative solution to the challenges of climate change and sustainable development. This economic model aims to minimize waste, reduce greenhouse gas emissions, and improve the efficiency of resource use, offering significant environmental and economic benefits. It represents a shift towards a more sustainable industrial model that enhances economic efficiency while reducing environmental impact. This study analyzes the impact of circular economy practices on sustainable development in Ukraine through statistical examination of key indicators such as GDP, CO₂ emissions, waste generation and treatment, and investments in environmental protection. Special attention is given to waste management metrics, including recovery, incineration, and landfill disposal. A comparative analysis between Ukraine and EU countries explores the correlation between waste generation and economic growth, providing insights into the future development of circular practices. The authors assess the correlation between implemented circular practices and changes in economic, environmental, and social indicators to evaluate overall effectiveness in addressing climate change. Additionally, analysis of environmental expenditures highlights the practical and economic advantages of circular strategies, particularly in air and water protection. The research offers a theoretical and practical framework for understanding the circular economy’s potential to reduce environmental pollution and enhance natural resource use. The findings support the circular economy’s role in achieving the UN Sustainable Development Goals, particularly in mitigating climate change and preserving biodiversity. The study underscores the urgency of Ukraine’s transition to a circular economy, especially amid the challenges of military aggression.