UK Net Zero Industry RTIC
Real-Time Industrial Classifications

UK Net Zero Economy

With a strategy laid out to reach our Net Zero targets by 2050, the transition to Net Zero could be the growth story of the century within the UK and beyond.

Discover our Net Zero Real-Time Industrial Classification (RTIC) today and find out more about the verticals, companies and employees that make up this emerging economy.

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What is Net Zero?

Net Zero is a unique emerging sector in that it has been established to tackle a specific problem within a specific time frame – reducing greenhouse gases produced by humans.

The true meaning of Net Zero refers to the collective target to balance the amount of greenhouse gases being produced and removed from our atmosphere. The goal here is for humankind to reach a state where the amount we add is no more than we take away – hence the ‘Net’ Zero part.

From this a thriving UK Net Zero economy has taken shape, which coincides with the country’s target to cut emissions of carbon dioxide (CO2) and reach Net Zero by 2050. This ecosystem of verticals and companies in the Net Zero supply chain, which range from low carbon energy generation all the way to green finance, represent a now thriving industry and present big opportunity for economic growth in the future.

Net Zero sector summary

Key information you should know about the Net Zero sector from our AI-driven platform of over 5 million companies:

  • Net Zero has turnover of £469.27bn, meaning it is our 2nd largest RTIC, and our 27th fastest growing sector.
  • The Net Zero sector has not received additional investor attention in recent years and the amount of venture capital funding is not increasing as fast as our other emerging economy sectors.
  • The amount of Innovate UK grants is not increasing as fast in the Net Zero sector, as our other emerging economy sectors.
19,480
COMPANIES CONSIDERED
£517,139,552,369
TOTAL TURNOVER
666,402
TOTAL EMPLOYEES
£38,575,530,000
TOTAL INVESTMENT FUNDING
£888,314,745
TOTAL INNOVATE UK GRANT FUNDING
2.9%
AVERAGE COMPANY GROWTH PER YEAR

Net Zero verticals

Our Net Zero RTIC is made up of 16 individual industry verticals, including verticals such as Agritech, Building Technologies, Carbon Capture. You can find out more about the verticals by buying a report, visualising the sector on our platform, or by downloading the data.

  • Sector Code Description Records
  • RTIC0055 Net Zero 19480 companies

    Companies in the Net Zero Supply chain, which covers many industries working to reduce greenhouse gas emissions. These include; Agritech, Building Technologies, Carbon Capture, Diversion of Biodegradable Waste from Landfill, Energy Cooperatives, Energy Storage, Green Finance, Grid, Heating, Low Carbon, Low Carbon Consultancy Advisory and Offsetting Services, Low Emission Vehicles, Pollution Control and Mitigation, Renewables, Renewable Energy Planning Database, Waste Management and Recycling.

    • Net Zero: Agritech

      Companies developing technologies and providing services transforming dominant/traditional agricultural practices.

      429 companies
    • Net Zero: Building Technologies

      Companies providing technology and services for increased energy efficiency in buildings.

      486 companies
    • Net Zero: Carbon Capture

      Companies dedicated to carbon capture, storage and utilisation.

      214 companies
    • Net Zero: Diversion of Biodegradable Waste from Landfill

      Companies focusing on landfill management.

      2619 companies
    • Net Zero: Energy Cooperatives

      Energy producers where citizens have control/ownership over the energy source.

      530 companies
    • Net Zero: Energy Storage

      Companies providing services/technology to capture energy for use at a later time.

      1264 companies
    • Net Zero: Grid

      Organisations dedicated to energy management and energy infrastructure development/maintenance.

      525 companies
    • Net Zero: Heating

      Companies offering services/technology for low carbon heating.

      1183 companies
    • Net Zero: Low Carbon Energy Generation

      Companies providing energy from low carbon sources.

      2674 companies
    • Net Zero: Low Emission Vehicles

      Companies focusing on the development of technology and infrastructure for electric vehicles.

      1292 companies
    • Net Zero: Pollution Control and Mitigation

      Companies providing services and technology for the mitigation pollution.

      596 companies
    • Net Zero: Renewable Energy Planning Database

      Companies captured and/or similar to those identified in the Renewable Energy Planning Database.

      7587 companies
    • Net Zero: Renewables

      Companies providing energy from renewable sources.

      5487 companies
    • Net Zero: Waste Management and Recycling

      Companies dedicated to solid waste removal, management and processing.

      4669 companies
    • Net Zero: Green Finance

      Structured financial activity that’s been created to ensure a better environmental outcome.

      380 companies
    • Net Zero: Low Carbon Consultancy, Advisory & Offsetting Services

      Businesses providing environmental consultancy are producing a service for the low carbon economy.

      1327 companies

Net Zero industry growth

We estimate that the UK Net Zero sector could be worth almost £536bn by 2027, based on the compound annual growth rate (CAGR) of 2.7%. Below you can see the five year turnover forecast for the RTIC from 2023 to 2027.

Our Net Zero work

Mapping UK Net Zero with CBI Economics

Together with CBI economics, we created the most accurate mapping of UK Net Zero to date. Not only did we produce a detailed 36 page reports, which can be purachased on our reports platform, we also produced free net zero scorecards. These give an overview of 8 different metrics for all 374 UK local authorities.

hikers walking through beautiful countryside
Our Net Zero work

Green Jobs in Central London with WPI Economics

In this project, we worked with WPI Economics to map the economy of green jobs within central London. From this, WPI Economics created detailed reports, using our data as the foundation.

Our innovative data

Real-Time Industrial Classifications (RTICs)

At The Data City we’re mapping the emerging economy through accurate and reliable real-time data. We’ve produced Real-Time Industrial Classifications (RTICs) for some of the UK’s fastest growing sectors, across over 350 industry verticals, including Net Zero.

Discover more RTICs and access our other free reports today.

Who we work with

Public Sector

National / local government, councils & LEPs

Finance

Venture Capital, Private Equity & M&A teams

B2B

Marketing & Lead Gen Agencies

Through this visual mapping project, Greater Manchester will be able to showcase our success in the digital sector.
Andy Burnham | MAYOR GREATER MANCHESTER
Working with The Data City has been a pleasure and particularly helpful for understanding newer and emerging businesses.
JOSHUA HAWKINS, LEAD OFFICER INTERNATIONAL | MIDLANDS ENGINE
If you care about technology driven economic growth, you should care about RTICs.
STIAN WESTLAKE | CEO ROYAL STATISTICAL SOCIETY