Methodological approach to measuring progress towards a closed-loop economy model
The novelty of this study is to refine a methodological approach towards measuring the circular economy progress based on the evaluation of indicators by individual segments of the resource cycle. In our view, the segmentation of the resource cycle could be an effective tool for measuring the progress towards a circular economy by investigating structural changes in the resource cycles of the territory caused by closing and slowing the material loop. Existing practices of measuring the progress, based mainly on reuse and recycling indicators, does not fully reflect such concepts as the lifecycles of a material and product, measured by the number of turns and duration. Besides, metrics need to be developed to answer the question of how fully the available circularity potential is used to provide the implementation of 6Rs strategies for a particular territory. The findings are the basis for developing a circular data framework for enterprises in all economic sectors from mining of raw materials to manufacturing of finished products, from collection of end-of-life products via restoration to manufacturing of recycled products.
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