ECONOMIC MONITORING OF THE CIRCULAR TRANSFORMATION AS A CHALLENGE FOR MECHANICAL ENGINEERING

Abstract

This paper critically evaluates the role of mechanical engineering in the economic monitoring of the circular economy transformation. The transition from a linear "take-make-dispose" model to a circular one is imperative for sustainability, requiring significant adaptation in mechanical engineering practices. The research investigates the methodologies and institutional frameworks that underpin this transformation, assessing their efficacy and identifying areas for enhancement. By examining the latest scientific literature and employing various indicators and evaluation methods, the study outlines the practical and strategic benefits of embracing circular economy principles. It underscores the necessity of robust monitoring mechanisms and the crucial role of institutions in fostering the transition, with a particular focus on the European Union's regulatory approach. This paper provides a comprehensive understanding of the state of circular economy implementation in mechanical engineering and suggests future directions for its development, monitoring, and integration into policy and educational frameworks.