Getting to carbon neutrality is immensely expensive. In the EU alone, reaching zero emissions by 2050 is estimated to cost $300 billion per year for the foreseeable future. Taxpayers will play a role in this, but a major part of the financing, nearly two-thirds, will need to come from private investments. So, what is the role of investment funds in moving the planet towards carbon neutrality? After all, funds around the world manage more than $60 trillion of assets, around one-third of which are European. Indeed, many fund managers are doing what they can to respond to growing investor demand that environmental and other sustainability risks and challenges be reflected in their portfolio selection. Assets in European ESG investment funds have been booming to over $1.7 trillion today. The bad news is that this is only a drop in the ocean, given the scale of what needs to shift. The good news is that there is plenty of upward potential – new fund investments in environmental sustainability will not only help tackle climate change, they will also benefit individual investors as well as the financial system as a whole, as a network analysis of the EU fund industry suggests....