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 co… - Minouche Shafik

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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.

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About Minouche Shafik

Nemat Talaat Shafik, Baroness Shafik, (Arabic: نعمت طلعت شفيق) (born 13 August 1962) commonly known as Minouche Shafik (Arabic: مينوش شفيق), is a British-American academic and economist. She served as the 20th president of Columbia University from July 2023 to August 2024. She previously served as president and vice chancellor of the London School of Economics from 2017 to 2023. From 2014 to 2017, Shafik served as deputy governor of the Bank of England and also previously as permanent secretary of the United Kingdom Department for International Development from 2008 to 2011. She has also served as a vice president at the World Bank and as deputy managing director of the International Monetary Fund.

Also Known As

Alternative Names: Nemat Shafik Nemat Talaat Shafik, Baroness Shafik Nemat Shafik, Baroness Shafik
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I’ve worked in a lot of different organizations, and that helps because you often have seen a similar problem somewhere else. Now, organizations all have their different cultures and histories, but it helps to have seen a similar problem. It makes you realize, “I can figure this one out, maybe, or there is a way to solve this puzzle.” The other thing is I’ve worked in a couple of organizations that manage crises, like the International Monetary Fund, or when I was with the Department for International Development, we managed a lot of humanitarian crises around the world. So that teaches you to be calm under stress, and I suspect that skill might be useful in the years ahead.

I am honoured to speak today in the country of my birth, a country that has been a cradle of human civilization for millennia, on a topic that will determine the future of human civilization and whether it lasts for more millennia. I am an economist who has worked on development and environment issues for several decades and I wanted to speak to you about the economy of the future.

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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.

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