UN General Assembly recognizes potential of the circular economy and industry 4.0, strengthens language on women's role in industrial development

UN General Assembly recognizes potential of the circular economy and industry 4.0, strengthens language on women's role in industrial development

NEW YORK, 3 December 2018 – The United Nations General Assembly has again approved a resolution on industrial development cooperation but this time the resolution recognizes the potential benefits for countries of concepts such as the circular economy and Industry 4.0, and contains stronger language on women’s critical role in development and their contribution to structural transformation.

The Second Committee (Economic and Financial) of the UN General Assembly has passed resolutions on industrial development cooperation, based on reports provided by the United Nations Industrial Development Organization (UNIDO), every two years since 1994. The 2018 resolution A/C.2/73/L.10/Rev.1 revises the 2016 version to include the following notable passages:

Recognizing the potential benefits for countries to transform their economies to promote sustainable consumption and production patterns, by engaging with partners to integrate or implement concepts such as circular economy and Industry 4.0 for more sustainable industrial activity and manufacturing systems, according to national plans and priorities.

Reaffirms that women play a critical role in development, contribute to structural transformation and are key contributors to the economy and to combating poverty and inequalities, that women’s full, effective and equal participation in decision-making and the economy is vital in order to achieve sustainable development and significantly enhance economic growth and productivity and that realizing gender equality and the empowerment of women and girls at all levels, including in decision-making processes, will make a crucial contribution to progress across all the Sustainable Development Goals, including in achieving inclusive and sustainable industrial development.

With the approval of this and other draft resolutions, the Second Committee concluded its work for the main part of the General Assembly’s seventy-third session.