Former Facebook CTO Mike Schroepfer launches climate investment firm: 'We need business' to solve climate change

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Former Facebook CTO Mike Schroepfer launches climate investment firm, Gigascale Capital, with climate investors Victoria Beasley and Evaline Tsai.

, on Tuesday. He told CNBC he is personally motivated to fight climate change and believes this is an inflection point in the industry.

"It does really feel like we're at this moment of confluence of consumer interest, of government regulatory interest" that is forcing companies to take climate change mitigation response seriously, Schroepfer said. That combination of growing demand, or market preparedness, and a bubbling pool of innovation, or technological preparedness, activated Schroepfer's "spidey sense," he said.Schroepfer said he believes capitalism is a necessary tool to help solve climate change.

 

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