Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Possible Futures

A novel method for identifying the body’s ‘noisiest’ networks November 19th, 2014

Researchers discern the shapes of high-order Brownian motions November 17th, 2014

VDMA Electronics Production Equipment: Growth track for 2014 and 2015 confirmed: Business climate survey shows robust industry sector November 14th, 2014

Open Materials Development Will Be Key for HP's Success in 3D Printing: HP can make a big splash in 3D printing, but it needs to shore up technology claims and avoid the temptation of the razor/razor blade business model in order to flourish November 11th, 2014

Nanotubes/Buckyballs

A sponge-like molecular cage for purification of fullerenes December 15th, 2014

'Trojan horse' proteins used to target hard-to-reach cancers: Scientists at Brunel University London have found a way of targeting hard-to-reach cancers and degenerative diseases using nanoparticles, but without causing the damaging side effects the treatment normally brings December 11th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Green meets nano: Scientists at TU Darmstadt create multifunctional nanotubes using nontoxic materials December 3rd, 2014

Announcements

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

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

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Environment

Nanoparticles Prove Effective in Removing Phosphor from Calcareous Soil December 10th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Nanocatalysts Can Reduce Pollution Caused by Diesel Engines December 4th, 2014

Green meets nano: Scientists at TU Darmstadt create multifunctional nanotubes using nontoxic materials December 3rd, 2014

Energy

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014

Water

Unraveling the light of fireflies December 17th, 2014

Biomimetic dew harvesters: Understanding how a desert beetle harvests water from dew could improve drinking water collection in dew condensers December 8th, 2014

Iranian Scientists Refine Wastewater of Nuclear Power Plants Using Nanoparticles December 1st, 2014

Iranian Experts Clean Uranium-Contaminated Water by Nano-Particles November 23rd, 2014

Home

Biosenta Inc. Updates New Household Disinfectant Testing Results; It Kills 100% of a Broad Range of Deadly Molds, Fungi, Bacteria, and Viruses, Including Ebola and Enterovirus D68 November 20th, 2014

Iranian Nano Scientists Create Flame-Resistant Polymers September 13th, 2014

Industrial Nanotech, Inc. Announces Agreement with Eagle Roofing Products to Produce Ultra-Premium Concrete Roof Tile June 17th, 2014

SABIC collaborates with Cima NanoTech on breakthrough technology: industry-first transparent conductive polycarbonate film May 29th, 2014

Industrial

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Dartmouth researchers create 'green' process to reduce molecular switching waste December 15th, 2014

Industrial Nanotech, Inc. Expands Government and Defense Projects December 10th, 2014

Simple, Biocompatible Method Developed for Production of Cerium Oxide Nanoparticles December 9th, 2014

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

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Nexeon Attracts ex-Nokia Product Executive to its Board of Directors December 15th, 2014

Defects are perfect in laser-induced graphene: Rice University lab discovers simple way to make material for energy storage, electronics December 10th, 2014

Lengthening the life of high capacity silicon electrodes in rechargeable lithium batteries: Novel rubber-like coating could lead to longer lasting batteries December 2nd, 2014

Fuel Cells

Toward a low-cost 'artificial leaf' that produces clean hydrogen fuel December 3rd, 2014

Single-atom gold catalysts may offer path to low-cost production of fuel and chemicals November 28th, 2014

National Synchrotron Light Source II Achieves 'First Light' October 23rd, 2014

Unique catalysts for hydrogen fuel cells synthesized in ordinary kitchen microwave oven October 14th, 2014

Solar/Photovoltaic

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014

Stacking two-dimensional materials may lower cost of semiconductor devices December 11th, 2014

New Technique Could Harvest More of the Sun's Energy December 9th, 2014

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE