Does nanotechnology contribute to energy poverty reduction?

Abstract

Purpose: Nanotechnology's rapid development worldwide is a significant measure for countries to strengthen the building of energy security. Thus, to empirically investigate the underlying effect of nanotechnology on energy poverty alleviation, the authors of this study assess the impact of nanotechnology on alleviating energy poverty in developing countries. Design/methodology/approach: The paper used panel data for 56 developing countries over the period 2012–2019, by employing dynamic generalised method of moments (GMM) analysis. Findings: The findings showed that the emergence of nanotechnology has a significant trend in increasing energy poverty in developing countries. This suggests that whilst nanotechnology may be a promising solution for addressing energy poverty in certain contexts, nanotechnology may not be the most viable option for reducing poverty in developing countries. The findings have added credence as the findings are robust to the inclusion of alternative energy poverty measures and additional controlled variables. Research limitations/implications: Although this study results show unpromising outcomes in addressing energy poverty in developing countries, the authors believe that this may be a short-term phenomenon. In the long run, policies and programs must be put in place to support the development and deployment of nanotechnology to reduce energy poverty. Originality/value: The authors believe this is the first attempt to examine the dynamic influence of nanotechnology development on energy poverty in developing countries. From the standpoint of nanotechnology development, this can help policymakers develop rules and regulations to tackle energy poverty.