Circular Economy has become the subject of a broad international discussion caused by the request for new sources of sustainable development under the conditions of qualitative and quantitative limitations of natural resources. The aim of the paper is to analyze the applied aspects of the Circular Economy on the examples of two expanding Ukrainian markets: renewable energy and waste processing. The key-points of the study are: analyses of government regulation of Ukrainian renewable energy market and trends of the renewable energy production; review of institutional basis of the waste processing in Ukraine; empirical analysis of the waste processing; exploration of the congruence of Circular Economy indicators and Innovation indexes trends. The institutionalization of Circular Economy has intensified in Ukraine in re-cent years caused by European integration processes. It is reflected in the set of laws regulating this area. Renewable energy market shows the positive dynamics in general, where bioenergy and waste energy sectors grew with the highest rates. The analysis of waste processing sector demonstrates its innovative character. Though the growth of mentioned above markets depends essentially on innovations, it has been found that the relation between Circular Economy indicators and Innovation indexes is ambiguous.
Keywords: Circular economy, renewable energy, waste processing, innovation indexes, sustainable development.