Krasnodar, Krasnodar, Russian Federation
The article examines the transformation of the linear economy of the forest sector into a closed-loop economy. The main attention is paid to the analysis of two promising areas: service-oriented business models (servification) and payment mechanisms for ecosystem services. Their regional potential for creating added value, increasing the sustainability of forest management, reducing the ecological footprint and generating new sources of income for the forest sector is being explored.
circular economy, servification, ecosystem services, payments
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