It would be the type of material that conceivably could be strong enough to make an elevator to space, having an immense bedrock anchor on Earth and the opposite end connected to a geostationary station in space it would eliminate almost any need for Earth to orbit aircraft.
many sci-fi authors have written about this material, most recently the Blue Mars series.
elevator idea was Arthur C Clarkes. Kim Stanley Robinson,while technically a fun read,solving problems of terra forming,still is,in all 3 books,writing about enviromentalism.