The morning sun rises over a quarter while a heat wave continues during the coronavirus disease (COVID-19) outbreak in Encinitas, California, United States, on Aug. 19, 2020.
Mike Blake | Reuters
SINGAPORE – Governments should continue to invest to combat climate change even as they focus on managing the coronavirus pandemic, said Judith Rodin, President Emerita at the University of Pennsylvania.
"We should use all of the money that goes into Covid's economic recovery, which is an extraordinary crisis and an extraordinary challenge," Rodin told CNBC on the sidelines of the Singapore summit, pointing out that there are a high number of cases and deaths there the virus.
There are more than 30 million reported cases of Covid-19 worldwide, and the death toll has risen to over 944,800 worldwide, according to Johns Hopkins University.
"We want governments to pay attention to them, but we want them to invest in ways that benefit sustainability and natural resources," she said on Friday.
Citing the World Economic Forum's Global Risks Report, Rodin said that climate change and the depletion of resources like water are hugely challenging the world's financial resources – "all of the things that really affect our health and human security, and I myself think the mantra should be that we need to save the planet in order to save ourselves – even from future pandemics, "Rodin said.
Climate change is here and it is real … we absolutely need to address it, not just with government action but with leadership, by showing the public that everyone has a role to play in preventing further climate change.
President Emerita at the University of Pennsylvania.
Rodin said social bond issuance could help ease pressure on governments.
"These are strategies that involve the private and public markets in ways that produce financial results while also putting pressure on governments to develop the kind of policies and funding that give public markets confidence in investing in the markets . " Recovery, "she said.
She stressed that everyone must tackle climate change.
"Climate change is there and it is real and we must, we absolutely must address it, not only with government action but also with leadership, by showing the public that everyone has a role to play in preventing further climate change all other positive actions, "said Rodin.