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.
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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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.
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: Agritech429 companies
Companies developing technologies and providing services transforming dominant/traditional agricultural practices.
- Net Zero: Building Technologies486 companies
Companies providing technology and services for increased energy efficiency in buildings.
- Net Zero: Carbon Capture214 companies
Companies dedicated to carbon capture, storage and utilisation.
- Net Zero: Diversion of Biodegradable Waste from Landfill2619 companies
Companies focusing on landfill management.
- Net Zero: Energy Cooperatives530 companies
Energy producers where citizens have control/ownership over the energy source.
- Net Zero: Energy Storage1264 companies
Companies providing services/technology to capture energy for use at a later time.
- Net Zero: Grid525 companies
Organisations dedicated to energy management and energy infrastructure development/maintenance.
- Net Zero: Heating1183 companies
Companies offering services/technology for low carbon heating.
- Net Zero: Low Carbon Energy Generation2674 companies
Companies providing energy from low carbon sources.
- Net Zero: Low Emission Vehicles1292 companies
Companies focusing on the development of technology and infrastructure for electric vehicles.
- Net Zero: Pollution Control and Mitigation596 companies
Companies providing services and technology for the mitigation pollution.
- Net Zero: Renewable Energy Planning Database7587 companies
Companies captured and/or similar to those identified in the Renewable Energy Planning Database.
- Net Zero: Renewables5487 companies
Companies providing energy from renewable sources.
- Net Zero: Waste Management and Recycling4669 companies
Companies dedicated to solid waste removal, management and processing.
- Net Zero: Green Finance380 companies
Structured financial activity that’s been created to ensure a better environmental outcome.
- Net Zero: Low Carbon Consultancy, Advisory & Offsetting Services1327 companies
Businesses providing environmental consultancy are producing a service for the low carbon economy.
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.
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.
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
National / local government, councils & LEPs
Venture Capital, Private Equity & M&A teams
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