In a recent joint study with BNY Mellon Investment Management, Fathom concluded that $100 trillion of investment in non-polluting fixed assets would be needed to reach net zero by 2050[1] — an apparently colossal figure, but one that is perhaps a lot more attainable than the headline might suggest, for two key reasons. First, while the number may sound large, global investment (formerly termed gross fixed capital formation) already equates to around $20 trillion per year, as the chart below indicates, and is likely to continue growing with time. Indeed, the $100 trillion required between now and 2050 represents less