ECONOMY OF FOREIGN COUNTRIES УДК 339.926:339.972:339.982 JEL: Q01, Q53, Q56, Q57 REZNIKOVA NATALIIA1, GROD Mykhailo2 1Educational and Scientific Institute of International Relations Taras Shevchenko National University of Kyiv, Research ID : http://www.researcherid.com/rid/ID I-2491-2018 FORMATION OF INSTITUTIONAL SUPPORT FOR THE DEVELOPMENT OF CIRCULAR ECONOMY AND ITS SUSTAINABLE FINANCING IN THE EUROPEAN UNION Institutional and financial instruments for regulating the development of the circular economy in the EU are studied. The Sustainable Development Goals are defined as the basis of the New European Consensus on Development. Based on a thorough analysis of the EU regulatory and normative framework, the lack of unified approach to the interpretation of the circular economy and its characteristic features, as well as the principles of circularity of economic activities, is established. The potential of the circular economy in acquiring the features of competitiveness by EU member states is characterized. Keywords:circular economy; sustainable development; green economy; economic development; climate neutrality; financial instruments of circular and green transition; sustainable finance; European Green Deal; EU regulatory policy
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