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Delhi, New Delhi, India, 2007/03/07 - Besides offering numerous advantages nanotechnology has some disadvantages too, and this is what’s causing concern for the U.N.
Control and tighter regulations are required to make nanotechnology safer, proclaimed the U.N. on 5th February 2007. UNEP (U.N.'s Environment Program) in its yearly report on global environment said, swift action from the policy makers was the need of the hour so as to allow the proper evaluation of new science.
Nanotechnology offers tremendous potential for economic, social, and environmental advantages. The benefits range from newer techniques in the world of medicines to saving of energy and material, plus the progress in pollution detection & remediation.
In commercial world, nanotechnology aims at developing new products & materials by creating or changing materials at molecular and atomic levels. However, the potential risks associated with further production of nanomaterial need the immediate attention of governments and businesses throughout the world.
Since, the impacts on environment are still largely unknown and there’s an absence of public controls as well. More systematic research and sector specific policies are needed to identify the socio-economic, health, and environmental hazards.
While still at its infant stage, nanotechnology is a booming industry. Accountable for below 0.1% in 2004, it’s expected to capture about 14% of US$ 2.6 Trillion manufacturing market worldwide by the year 2014, as per UNEP.
UNEP is calling for greater co-operation between the public and private sectors as well as the industrialized and developing economies. The agency also intends to educate the masses about the technology, so that awareness can be increased about the benefits & risk associated with nanotechnology.
RNCOS has just published its much-awaited report on “The World Nanotechnology Market (2006)”. According to this report, toxicity & its exposure to both environment and human is the most pressing issue at present. This is, more appropriately, a safety & heath issue and not a political or ethical issue. However, due to the perceived novelty of nanotechnology, there’re increased concerns that the technology is likely to present new kinds of hazard or exposure. Therefore, it will raise new questions as to how to deal with them.
About the Report
The research report also addresses the issues and facts that are critical to business success. For example, it includes the global outlook of nanotechnology market, analysis of the market by various products & application areas, their market and growth prospects. Also covered in this report are the opportunities and challenges before Nanotechnology.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.