The panel discussion “Circular Economy”, which took place during the “Green Agenda for the Western Balkans” International Conference, highlighted the need to support companies in transitioning to a circular business model while preserving competitiveness and efficiency. The importance of education on sustainable development, recycling, nature conservation and proper waste disposal, starting from the youngest age, was also emphasized.

People often equate the circular economy with waste management, but it surpasses recycling. Instead of a linear model, the circular economy aims to reuse products, equipment and infrastructure to benefit society positively.

We consider recycling a component of the ecological economy as the economy of the future. Encouraging companies to invest in the circular economy is essential, even though the technologies may be more expensive. By collaborating, we can diminish the adverse impact on the environment.

Changes in the market of EU countries, such as the transition to a circular model and the adoption of energy efficiency, impose the need for harmonization and the development of competitiveness of domestic companies. Green transformation includes energy efficiency, reduction of CO2 emissions and carbon neutrality to ensure competitiveness and sustainability.

Proposals for establishing a Green Fund and modern management can allow the industry to withdraw funds under specific criteria, which would then develop the market in the circular economy. In addition to recycling, closing the cycle of raw materials requires changes in value creation and storage, as well as the use of sustainable business models. The recycling industry can create new investments that would add value to recyclable materials within the industry.