FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS
The circular economy is a key development goal for the European Union (EU), in line with its broader objective of achieving climate neutrality by 2050. The circular economy is built on the 3Rs: recycle, reuse, and repair, which aim to reduce waste, promote sustainable development, enhance renewable...
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Nicolae Titulescu University
2024-12-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_004.pdf |
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| author | ANDREEA - EMANUELA DRĂGOI |
| author_facet | ANDREEA - EMANUELA DRĂGOI |
| author_sort | ANDREEA - EMANUELA DRĂGOI |
| collection | DOAJ |
| description | The circular economy is a key development goal for the European Union (EU), in line with its broader objective of achieving climate neutrality by 2050. The circular economy is built on the 3Rs: recycle, reuse, and repair, which aim to reduce waste, promote sustainable development, enhance renewable energy, and protect the environment. While several EU initiatives support financing for the circular economy, our research focuses on how State Aid can be used to foster objectives such as renewable energy and environmental protection. The primary goal is to analyse the progress made by EU Member States during and after the COVID-19 pandemic in financing the circular economy through State Aid, highlighting key challenges and opportunities. We employ a quantitative analysis based on the latest State Aid Scoreboard, primarily using data from 2019-2022, the most recent available. The analysis includes a case study of Romania, examining its performance in granting State Aid for energy and environmental protection. Our main finding is that while State Aid related to the pandemic decreased in 2022, many Member States continue to address post-pandemic economic imbalances. There remains significant potential for boosting State Aid to support the circular economy, particularly in the areas of energy and environmental protection. |
| format | Article |
| id | doaj-art-5fcbb6fbb0e94dba9aa7f7d298dc5e0f |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-5fcbb6fbb0e94dba9aa7f7d298dc5e0f2025-08-20T04:02:37ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502024-12-011223444FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSISANDREEA - EMANUELA DRĂGOI0PhD. Institute for World Economy, Romanian Academy 13 September Street, No. 13th, Bucharest, ROMANIA, andreeadragoi@iem.ro, https://iem.ro/The circular economy is a key development goal for the European Union (EU), in line with its broader objective of achieving climate neutrality by 2050. The circular economy is built on the 3Rs: recycle, reuse, and repair, which aim to reduce waste, promote sustainable development, enhance renewable energy, and protect the environment. While several EU initiatives support financing for the circular economy, our research focuses on how State Aid can be used to foster objectives such as renewable energy and environmental protection. The primary goal is to analyse the progress made by EU Member States during and after the COVID-19 pandemic in financing the circular economy through State Aid, highlighting key challenges and opportunities. We employ a quantitative analysis based on the latest State Aid Scoreboard, primarily using data from 2019-2022, the most recent available. The analysis includes a case study of Romania, examining its performance in granting State Aid for energy and environmental protection. Our main finding is that while State Aid related to the pandemic decreased in 2022, many Member States continue to address post-pandemic economic imbalances. There remains significant potential for boosting State Aid to support the circular economy, particularly in the areas of energy and environmental protection.http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_004.pdfcircular economysustainable developmentstate aideuromania |
| spellingShingle | ANDREEA - EMANUELA DRĂGOI FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS Global Economic Observer circular economy sustainable development state aid eu romania |
| title | FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS |
| title_full | FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS |
| title_fullStr | FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS |
| title_full_unstemmed | FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS |
| title_short | FINANCING THE CIRCULAR ECONOMY THROUGH STATE AID: A CROSS COUNTRIES ANALYSIS |
| title_sort | financing the circular economy through state aid a cross countries analysis |
| topic | circular economy sustainable development state aid eu romania |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_12_no_2/geo_2024_vol12_no2_art_004.pdf |
| work_keys_str_mv | AT andreeaemanueladragoi financingthecirculareconomythroughstateaidacrosscountriesanalysis |