Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Green Nanotechnology Investment: Researchers Help Assess Economic Impact of Nanotech on Green & Sustainable Growth

Image shows nanogenerators developed in the laboratory of Zhong Lin Wang at the Georgia Institute of Technology.  Credit: Gary Meek
Image shows nanogenerators developed in the laboratory of Zhong Lin Wang at the Georgia Institute of Technology.

Credit: Gary Meek

Abstract:
In the United States alone, government and private industry together invest more than $3 billion per year in nanotechnology research and development, and globally the total is much higher. What will be the long-run economic returns from these investments, not only in new jobs and product sales, but also from improvements in sustainability?

Green Nanotechnology Investment: Researchers Help Assess Economic Impact of Nanotech on Green & Sustainable Growth

Atlanta, GA | Posted on March 28th, 2012

Georgia Institute of Technology researchers Philip Shapira and Jan Youtie helped answer that question through research presented March 27th at the International Symposium on Assessing the Economic Impact of Nanotechnology held in Washington, D.C. The researchers highlighted the importance of full lifecycle assessments to understand the impacts of nanotechnologies on green economic development in such areas as energy, the environment and safe drinking water.



"Nanotechnology promises to foster green and sustainable growth in many product and process areas," said Shapira, a professor with Georgia Tech's School of Public Policy and the Manchester Institute of Innovation Research at the Manchester Business School in the United Kingdom. "Although nanotechnology commercialization is still in its early phases, we need now to get a better sense of what markets will grow and how new nanotechnology products will impact sustainability. This includes balancing gains in efficiency and performance against the net energy, environmental, carbon and other costs associated with the production, use and end-of-life disposal or recycling of nanotechnology products."



But because nanotechnology underlies many different industries, assessing and forecasting its impact won't be easy. "Compared to information technology and biotechnology, for example, nanotechnology has more of the characteristics of a general technology such as the development of electric power," said Youtie, director of policy research services at Georgia Tech's Enterprise Innovation Institute. "That makes it difficult to analyze the value of products and processes that are enabled by the technology. We hope that our paper will provide background information and help frame the discussion about making those assessments."



The symposium is sponsored by the Organization for Economic Cooperation and Development and by the U.S. National Nanotechnology Initiative. Support for Georgia Tech research into the societal impacts of nanotechnology has come from the National Science Foundation through the Center for Nanotechnology in Society based at Arizona State University.



For their paper, co-authors Shapira and Youtie examined a subset of green nanotechnologies that aim to enable sustainable energy, improve environmental quality, and provide healthy drinking water for areas of the world that now lack it. They argue that the lifecycle of nanotechnology products must be included in the assessment.



"In examining the economic impact of these green nanotechnologies, we have to consider the lifecycle, which includes such issues as environmental health and safety, as well as the amount of energy required to produce materials such as carbon nanotubes," said Shapira.



Environmental concerns have been raised about what happens to nanomaterials when they get into water supplies, he noted. In addition, some nanostructures use toxic elements such as cadmium. Energy required for producing nano-enabled products is also an important consideration, though it may be balanced against the energy saved - and pollution reduced - through the use of such products, Shapira said.



Research into these societal issues, which is being conducted in parallel with the research and development of nanotechnology - may allow the resulting nano-enabled products to avoid the kinds of the controversies that have hindered earlier technologies.



"Scientists, policy-makers and other observers have found that some of the promise of prior rounds of technology was limited by not anticipating and considering societal concerns prior to the introduction of new products," Youtie said. "For nanotechnology, it is vital that these issues are being considered even during the research and development stage, before products hit the market in significant quantities."



The nanotechnology industry began with large companies that had the resources to invest in research and development. But that is now changing, Youtie said.



"A lot of small companies are involved in novel nanomaterials development," she said. "Large companies often focus on integrating those nanomaterials into existing products or processes."



Among the goals of the OECD symposium are development of methodologies and approaches for estimating the impacts of green nanotechnology on jobs and new product sales. Existing forecasts have come largely from proprietary models used by private-sector firms.



"While these private forecasts have high visibility, their information and methods are often proprietary," Shapira noted. "We also need to develop open and peer-reviewed models in which approaches are transparent and everyone can see the methods and assumptions used."



In their paper, Youtie and Shapira cite several examples of green nanotechnology, discuss the potential impacts of the technology, and review forecasts that have been made. Examples of green nanotechnology they cite include:



Nano-enabled solar cells that use lower-cost organic materials, as opposed to current photovoltaic technologies that require rare materials such as platinum;

Nanogenerators that use piezoelectric materials such as zinc oxide nanowires to convert human movement into energy;

Energy storage applications in which nanotechnology materials improve existing batteries and nano-enabled fuel cells;

Thermal energy applications, such as nano-enabled insulation;

Fuel catalysis in which nanoparticles improve the production and refining of fuels and reduce emissions from automobiles;

Technologies used to provide safe drinking water through improved water treatment, desalination and reuse.

####

For more information, please click here

Contacts:
Research News & Publications Office
Georgia Institute of Technology
75 Fifth Street, N.W., Suite 314
Atlanta, Georgia 30308 USA

Media Relations Contacts:
John Toon
404-894-6986


Abby Robinson
404-385-3364

Copyright © Georgia Institute of Technology

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanobiotix: Update on Head and Neck Phase I/II Trial with NBTXR3 and Other program data presented at ImmunoRad 2018 September 20th, 2018

NUS researchers invent new test kit for quick, accurate and low-cost screening of diseases: Test results are denoted by a color change and could be further analyzed by a smartphone app, making it attractive as a point-of-care diagnostic device September 19th, 2018

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Leti Announces EU Project to Develop Powerful, Inexpensive Sensors with Photonic Integrated Circuits: REDFINCH Members Initially Targeting Applications for Gas Detection and Analysis For Refineries & Petrochemical Industry and Protein Analysis for Dairy Industry September 19th, 2018

Possible Futures

NUS researchers invent new test kit for quick, accurate and low-cost screening of diseases: Test results are denoted by a color change and could be further analyzed by a smartphone app, making it attractive as a point-of-care diagnostic device September 19th, 2018

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Leti Announces EU Project to Develop Powerful, Inexpensive Sensors with Photonic Integrated Circuits: REDFINCH Members Initially Targeting Applications for Gas Detection and Analysis For Refineries & Petrochemical Industry and Protein Analysis for Dairy Industry September 19th, 2018

Researchers develop microbubble scrubber to destroy dangerous biofilms September 19th, 2018

Nanotubes/Buckyballs/Fullerenes/Nanorods

Carbon nanodots do an ultrafine job with in vitro lung tissue: New experiments highlight the role of charge and size when it comes to carbon nanodots that mimic the effect of nanoscale pollution particles on the human lung. September 12th, 2018

Graphene nanotubes outperform ammonium salts and carbon black in PU applications September 11th, 2018

S, N co-doped carbon nanotube-encapsulated CoS2@Co: Efficient and stable catalysts for water splitting September 10th, 2018

Peering into private life of atomic clusters -- using the world's tiniest test tubes September 6th, 2018

Announcements

Nanobiotix: Update on Head and Neck Phase I/II Trial with NBTXR3 and Other program data presented at ImmunoRad 2018 September 20th, 2018

NUS researchers invent new test kit for quick, accurate and low-cost screening of diseases: Test results are denoted by a color change and could be further analyzed by a smartphone app, making it attractive as a point-of-care diagnostic device September 19th, 2018

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Leti Announces EU Project to Develop Powerful, Inexpensive Sensors with Photonic Integrated Circuits: REDFINCH Members Initially Targeting Applications for Gas Detection and Analysis For Refineries & Petrochemical Industry and Protein Analysis for Dairy Industry September 19th, 2018

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

NUS researchers invent new test kit for quick, accurate and low-cost screening of diseases: Test results are denoted by a color change and could be further analyzed by a smartphone app, making it attractive as a point-of-care diagnostic device September 19th, 2018

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Researchers develop microbubble scrubber to destroy dangerous biofilms September 19th, 2018

New devices based on rust could reduce excess heat in computers: Physicists explore long-distance information transmission in antiferromagnetic iron oxide September 14th, 2018

Environment

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Carbon nanodots do an ultrafine job with in vitro lung tissue: New experiments highlight the role of charge and size when it comes to carbon nanodots that mimic the effect of nanoscale pollution particles on the human lung. September 12th, 2018

A human enzyme can biodegrade graphene August 28th, 2018

Large scale preparation method of high quality SWNT sponges August 24th, 2018

Energy

Leti Announces EU Project to Develop Powerful, Inexpensive Sensors with Photonic Integrated Circuits: REDFINCH Members Initially Targeting Applications for Gas Detection and Analysis For Refineries & Petrochemical Industry and Protein Analysis for Dairy Industry September 19th, 2018

S, N co-doped carbon nanotube-encapsulated CoS2@Co: Efficient and stable catalysts for water splitting September 10th, 2018

September 5th, 2018

Rice U. lab probes molecular limit of plasmonics: Optical effect detailed in organic molecules with fewer than 50 atoms September 5th, 2018

Water

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Halas wins American Chemical Society Award in Colloid Chemistry: Rice University nanophotonics pioneer honored for colloid research September 18th, 2018

S, N co-doped carbon nanotube-encapsulated CoS2@Co: Efficient and stable catalysts for water splitting September 10th, 2018

Producing hydrogen from splitting water without splitting hairs: New model explains interactions between small copper clusters used as low-cost catalysts in the production of hydrogen by breaking down water molecules August 31st, 2018

Home

Research gives new ray of hope for solar fuel April 27th, 2018

This Wired Wallpaper Could Turn Your Whole House Into A Fire Alarm April 2nd, 2018

A new product to help combat mouldy walls, thanks to technology developed at the ICN2 December 14th, 2017

Rice lab expands palette for color-changing glass: Nanophotonics team creates low-voltage, multicolor, electrochromic glass March 8th, 2017

Industrial

Graphene nanotubes outperform ammonium salts and carbon black in PU applications September 11th, 2018

Carbon in color: First-ever colored thin films of nanotubes created: A method developed at Aalto University, Finland, can produce large quantities of pristine single-walled carbon nanotubes in select shades of the rainbow; the secret is a fine-tuned fabrication process -- and a s August 29th, 2018

Connecting the (Nano) Dots: NIST Says Big-Picture Thinking Can Advance Nanoparticle Manufacturing August 22nd, 2018

A colossal breakthrough for topological spintronics: BiSb expands the potential of topological insulators for ultra-low-power electronic devices August 2nd, 2018

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Leti & EFI Aim to Dramatically Improve Reliability & Speed of Low-Cost Electronic Devices for Autos: Project Will Extend Model Predictive Control Technique to Microcontrollers, Digital Signal Processors and Other Devices that Lack Powerful Computation Capabilities September 18th, 2018

Cannibalistic materials feed on themselves to grow new nanostructures September 1st, 2018

Large scale preparation method of high quality SWNT sponges August 24th, 2018

Virginia Tech researchers develop novel process to 3D print one of the strongest materials on Earth August 23rd, 2018

Fuel Cells

Harvesting clean hydrogen fuel through artificial photosynthesis May 3rd, 2018

A new way to find better battery materials: Design principles could point to better electrolytes for next-generation lithium batteries March 29th, 2018

Rice sleuths find metal in 'metal-free' catalysts: Study of graphene catalysts finds trace of manganese, suggests better ultrathin fuel-cell components February 26th, 2018

Study boosts hope for cheaper fuel cells: Rice University researchers show how to optimize nanomaterials for fuel-cell cathodes January 6th, 2018

Solar/Photovoltaic

September 5th, 2018

NUST MISIS scientists present metamaterial for solar cells and nanooptics July 23rd, 2018

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Team achieves two-electron chemical reactions using light energy, gold May 15th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project