Technological innovations are a crucial component of a green economy transition and there is an urgent need to develop and implement the green technologies into the existing facilities, especially in the developing countries. The purpose of the article is to analyze theoretical approach on the green technologies development. In the article there are analyzed the essence of the concept of green economy and are identified key benefits of green technologies development.
The Circular Economy (CE), as a possible transformation of economies, became very popular and widely discussed from 2015 when the worldwide importance of ecological preservation became highly in demand. To be able to implement the circular economy concept in various economies, its importance and prepared alterations to government regulations have to be widely discussed, and at the same time businesses and consumers have to prepare to live and work in the new paradigm. Consumers have to note the additional value of circular products and services, and their positive impact on health and the environment. Businesses will only start changing when they realise that new business models are available and they can keep profitability at the same level, even though consumption in general might change. The main aim of this article is to perform a theoretical analysis of the impact of the circular economy on a state’s economy. The main tools used for the research in the article were analysis, comparison and the summary of scientific literature. The article overviews possible changes and their impact on state economics in the future.