When I was inaugurated as Columbia’s 20th president on October 4, 2023, I called for strengthening the bond between universities and society through a recommitment to academia’s contribution to the common good. The horrors of the Hamas attack three days later, the ensuing war with Israel and the tragic loss of civilian lives in Gaza have tested that bond in unimaginable ways. I have seen the campus engulfed in tensions and divisions deepened by powerful external forces.

We also must continue with urgency our ongoing dialogue on the important issues that have been raised in recent months, especially the balance between free speech and discrimination and the role of a university in contributing to better outcomes in the Middle East. Both are topics where I hope Columbia can lead the way in new thinking that will make us the epicenter, not just of protests, but of solutions to the world’s problems.

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We know we are in difficult economic times with war, recession, and inflation. Where will the money for this investment come from? In tough times, we need to use our limited resources most efficiently. Given the history of climate change, we need an appropriate balance between responsibility and resources.

The wave of protests, encampments, and building takeovers has since spread across the US and around the world. Whatever one thinks of the response of university leaders — denouncing hurtful rhetoric, enforcing rules and discipline, and summoning police to restore order — these are actions, not solutions. All of us who believe in higher education must now engage in serious soul searching about why this is happening. Only then can universities recover and begin to realise their potential to heal and unify.

Technology because it has changed jobs and lots of people haven’t benefited. They have been left behind. They don’t have the skills and they are not in the right place, with the result that their prospects are poor. And the way our whole social contract was predicated on women looking after the young and the old for free – now there are more women going to university than men, globally, not just in the UK, and they are employed, and the cost of them not working is really high, so you want them to work. Yet we haven’t found a way to adjust – a way to look after the young and old without women providing free labour.

But before doing that, let me start with a story from the past. Over 3000 years ago a different kind of climate change caused by volcanic eruptions and changing weather patterns resulted in persistent droughts that caused famines and political unrest in ancient Egypt. The pharaohs of the Ptolemaic dynasty such as Cleopatra went to great lengths to adapt – transferring grain from productive regions to drought plagued areas, opening up grain stores, crossbreeding cattle to develop more heat resistant animals, and providing tax relief. These foresighted efforts managed to prolong the Egyptian empire for a half century longer but ultimately one of the greatest empires the world has ever known collapsed because of the effects of climate change. The difference between then and now is that we are the cause of today’s climate change, and we have the means to stop it by changing our economy.

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Today, the critical questions we ask include, “What are you going to do with the training you’ve acquired?” and “How are you going to use the research you’ve conducted for the betterment of society?” Look behind me at the inscription on Low Library which says we want to be an institution that is “cherished by generation after generation for the advancement of the public good.

So, the economy of the future is our choice. We face a classic intertemporal investment problem – incur some investment costs now with high returns later or opt for inaction or not enough action but incur very high costs and risks later. Even if you do not take into account future generations (which makes these arguments much, much stronger), it seems to me the choice is clear. Climate change and biodiversity loss are here, and we are already suffering the consequences. Unlike the Pharaohs, we can overcome this climate change by choosing a different kind of economy for the future.

Africa is responsible for only 1% of emissions but will be the hardest hit by climate change. That cannot be right. At the same time, many African countries are rich in sunshine, wind, rivers and forests. With support, they could leapfrog the dirty energy systems of the past and, if we create a better carbon market, provide a huge source of income for countries rich in carbon sinks.

Obviously, it’s a great thing that women are increasingly in leadership roles in top universities. I guess I just sort of feel like it’s about time. It’s my honest opinion. I mean, I don’t wake up every morning thinking, “Oh, I’m the first woman president of Columbia.” You just kind of get on with the job. So I don’t really think about it very much every day. But I think it’s great.

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Over the last few months, we have been patient in tolerating unauthorized demonstrations, including the encampment. Our academic leaders spent eight days engaging over long hours in serious dialogue in good faith with protest representatives. I thank them for their tireless effort. The University offered to consider new proposals on divestment and shareholder activism, to review access to our dual degree programs and global centers, to reaffirm our commitment to free speech, and to launch educational and health programs in Gaza and the West Bank. Some other universities have achieved agreement on similar proposals. Our efforts to find a solution went into Tuesday evening, but regrettably, we were unable to come to resolution.