Friday, October 24, 2025
  • Privacy Policy
  • Contact
  • Terms & Conditions
Environmental Magazine
Advertisement
  • Home
  • News
  • Climate Change
  • Energy
  • Recycling
  • Air
  • Fossil Fuels
  • Water
No Result
View All Result
Environmental Magazine
  • Home
  • News
  • Climate Change
  • Energy
  • Recycling
  • Air
  • Fossil Fuels
  • Water
No Result
View All Result
Environmental Magazine
No Result
View All Result
Home Air

Over half of UK’s decarbonisation is dependent on technologies that are not yet commercially mature: PwC’s Net Zero Future50 report

April 9, 2025
in Air
A A

Consultancy firm PwC UK’s latest research emphasises the crucial role of climate technology in steering the world towards net zero emissions and highlights the importance of innovation for the UK’s growth and competitiveness.

PwC’s “Net Zero Future50” report reveals that more than half (56%) of the UK’s decarbonisation efforts rely on technologies that are not yet commercially mature. This underscores the urgent need for unparalleled levels of innovation, investment, and collaboration to achieve climate targets as well as the significant future growth potential that this sector represents.

The Net Zero Future50 report analyses the UK’s rapidly growing climate tech sector and identifies 50 innovative start-ups with the potential to scale rapidly, create employment and significantly enhance the UK’s decarbonisation efforts.

The report highlights a positive shift in funding over the past decade, with climate tech’s share of early-stage financing increasing from 1% to around 10%. This growth demonstrates climate tech’s crucial role in the net zero pathway and the significant growth opportunity it represents for investors. In the past year, Private Equity and Venture Capital investment into UK-based climate tech companies has shown resilience and growth, totalling £4.5 billion in 2024, up from £3.6 billion in 2023.

James Pincus, corporate finance partner at PwC UK, said:

“While technology alone can’t solve the climate crisis, climate tech and innovation are essential to drive forward the net zero agenda. The recent growth in UK climate tech investment is encouraging, but we must continue to identify and invest in innovative solutions, seek increased government support and focus investor attention across a broader range of sectors, especially where decarbonisation is more challenging. The current emphasis on established technologies and short-term profits has led to a ‘Carbon Funding Gap,’ across many high emission sectors.”

Key sectors such as mobility and energy currently receive over half (57%) of the UK’s venture funding and almost 70% globally, highlighting a focus on sectors perceived as easier to decarbonise. However, high-emission sectors like Buildings, Food, Agriculture, and Heavy Industry have been deprioritised, revealing a ‘Carbon Funding Gap’ that presents an opportunity for increased capital allocation.

Our analysis reveals that the Industrials and Built Environment sectors demonstrate the largest funding gaps in the UK. Each sector accounts for approximately 20% of total emissions but receives only about 10% of VC investment. These sectors are considered some of the toughest to decarbonise, requiring substantial investments in R&D and Capex.

Matt Alabaster, strategy partner at PwC UK, added:

“The net zero agenda is not a cost to be borne by societies looking to do the right thing, it’s an opportunity for innovation, investment and policy to come together to enhance our economy’s  competitiveness and drive higher growth.

“Innovation in the UK is alive and well. We could have filled the report many times over with exciting young companies with new solutions that can drive efficiency and decarbonisation. We are shining a light on the technologies that are coming through and the entrepreneurs that are working hard to make them a reality.

“But the innovators can’t do it all themselves – they need engaged investors, supportive policy frameworks and accessible routes to market in order to reach commercial scale.

“The Government has rightly identified Clean Energy Industries as a priority sector in its Industrial Strategy Green Paper. If the industrial strategy can provide a supportive policy environment and catalyse investment, companies such as those identified in our report could have a material impact not only on decarbonisation, but also on the UK’s growth agenda.”

ShareTweetSharePinSendShare

Related Articles

Air

New carbon standard risks killing nature projects before they start, warns ndustry

October 9, 2025
Air

First UK-accredited carbon accountants training courses set to launch

October 8, 2025
Air

Emissions from Scotland’s largest industrial facilities down nearly a quarter since 2019

September 30, 2025
Air

Hybrid biocarbon solution picks up green award

September 23, 2025
Air

Beyond the filter: what’s happening in industrial air pollution management?

September 11, 2025
Air

Londoners’ air pollution drops by a quarter at weekends, say new data

September 10, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Arctic Ocean now has plastic pollution comparable to densely populated regions

April 8, 2022

Making sense of the system: Highlights from the Corry Review

April 3, 2025

Don't miss it

Activism

Will COP30 Finally Prioritize Indigenous Voices?

October 23, 2025
Fossil Fuels

A Pro-Dominion Grassroots Group Has Financial Ties—to Dominion

October 23, 2025
Energy

This Texas Family Designed Their House Around the Solar Cycle Nearly 30 Years Ago

October 23, 2025
Fossil Fuels

Central Maine Power Faces Backlash Over Proposed Rate Hikes and Shareholder Profits

October 23, 2025
Fossil Fuels

Gulf South Residents and Green Groups Sue Trump and EPA Over Toxic Air Pollution Exemptions

October 22, 2025
News

Ruling strengthens wildlife protection amid nutrient pollution concerns

October 22, 2025
Environmental Magazine

Environmental Magazine, Latest News, Opinions, Analysis Environmental Magazine. Follow us for more news about Enviroment and climate change from all around the world.

Learn more

Sections

  • Activism
  • Air
  • Climate Change
  • Energy
  • Fossil Fuels
  • News
  • Uncategorized
  • Water

Topics

Activism Air Climate Change Energy Fossil Fuels News Uncategorized Water

Recent News

Will COP30 Finally Prioritize Indigenous Voices?

October 23, 2025

A Pro-Dominion Grassroots Group Has Financial Ties—to Dominion

October 23, 2025

© 2023 Environmental Magazine. All rights reserved.

No Result
View All Result
  • Home
  • News
  • Climate Change
  • Energy
  • Recycling
  • Air
  • Fossil Fuels
  • Water

© 2023 Environmental Magazine. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.