THE IMPACT OF THE CIRCULAR ECONOMY ON MITIGATING THE CONSEQUENCES OF CLIMATE CHANGE IN THE REGIONS OF UKRAINE

Abstract

Climate change and its impact on the economic and social welfare is a
vitally important problem explored everywhere in the modern world.
The objective of this research is to determine a correlation between
the amount of carbon dioxide emissions in Ukrainian regions and their
economic and demographic indicators: gross regional product, turnover
of business entities and population density. The study is focused
on CO2 emissions from stationary pollution source. The article provides
evidence-based arguments that circular economy is the model
integrating two central objectives: economic growth and mitigation
of effects from climate change. The study revealed a strong correlation
between the implementation of circular economy practices and
objectives of Sustained Development Goas, in particular with respect
to minimization of СО2 emissions. A statistical analysis of the relationship
between СО2 emissions and gross regional product (GRP),
turnover of business entities and population density at the level of
Ukrainian regions was made. It was revealed that all the Ukrainian
regions with high rates of per capita GRP growth there is no tendency
to increase CO2 emissions. This complies with circular economy priorities:
minimization of resource extraction through processing and
re-production. The regions with a higher population density were revealed
to have lower СО2 emissions, which can be attributed to the
fact that a higher population density often entails a more compact urban
habitat. The regions with the largest turnover of business entities
include regions with their highest population density. Economically
developed regions often push technological innovations with breakthrough
effects for energy technologies, tr