The impact of circular economy innovation and environmental sustainability on economic growth

Abstract

This article analyzes the impact of innovations and environmental sustainability based on the circular economy on national and global economic growth. The study compares the experience of advanced countries, the situation in Uzbekistan, and economic mechanisms, and proves the economic efficiency of the circular model. The scientific novelty of the article is that it provides a solid basis for real-world examples that serve to increase competitiveness and reduce environmental problems through innovative elements of the circular economy. This article examines the impact of circular economy innovations and environmental sustainability on economic growth. The study analyzes the possibilities of achieving economic efficiency through recycling and efficient use of resources based on foreign experience. In particular, the experiences of Germany, the Netherlands and China are analyzed and the prospects for their implementation in the conditions of Uzbekistan are considered. The article develops sectoral proposals for the introduction of a circular economy in the economic system of Uzbekistan as a scientific innovation. The article is based on available statistical data, legislative documents and international reports.