| Title | Assessing the Circular Materials Utilization Rate in the European Union: A Performance Evaluation |
|---|---|
| ID_Doc | 16789 |
| Authors | Silva, R; Robaina, M; Dias, MF; Magueta, D |
| Title | Assessing the Circular Materials Utilization Rate in the European Union: A Performance Evaluation |
| Year | 2024 |
| Published | |
| Abstract | The European Union has been at the forefront of transitioning from a linear economic model to a circular economy, and understanding the Circular Material Use Rate is crucial in this context. The aim of this work is to contribute to a deeper comprehension of this indicator as a proxy for the Circular Economy, as defined by Eurostat, and to facilitate comparisons of how economies utilize circular materials. The study seeks to assess the behaviors of EU countries, develop future policies, and address barriers that prevent the efficient movement of materials within the countries under examination. To achieve these objectives, a linear regression analysis was conducted, examining the performance of the Circular Material Use Rate with respect to five independent variables: Resource Productivity, Recycling Rate, Environmental Tax Rate, Renewable Energy Rate, and Waste Generation. The results indicate that Resource Productivity and Recycling Rate have positive impacts on the Circular Material Use Rate, implying their significance in promoting circularity. Conversely, Waste Generation exhibited a negative impact, suggesting that reducing waste generation is crucial for enhancing circular material utilization. The European Union has demonstrated a strong commitment to optimizing production and consumption patterns, promoting the reuse of raw materials, extending their lifespan, and encouraging recycling practices. These findings contribute to the formulation of effective strategies and policies that can further propel the EU's towards a more circular and sustainable economy. |
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