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From coal to crypto: Mining in Appalachia

From coal to crypto: Mining in Appalachia

FromJust Transition


From coal to crypto: Mining in Appalachia

FromJust Transition

ratings:
Length:
21 minutes
Released:
Oct 31, 2022
Format:
Podcast episode

Description

Eastern Kentucky is a region that can’t leave mining behind. 
It has long been coal country, but mining jobs have dried up as the world weans itself off coal. 
As old mines close, new miners are moving in, working the digital terrain for a prize you cannot see: cryptocurrency. 
Our correspondent Avi Asher-Schapiro takes us to Appalachia where cheap land, tax breaks and a well-developed energy grid make for perfect bitcoin mining conditions.
But this new economy is not likely to create many new jobs or reduce Kentucky’s carbon footprint. 
Banks of powerful servers run day and night, consuming huge amounts of electricity – in this case, electricity from coal and natural gas. 
Outside investors and some local players stand to get rich. 
But the thousands of former coal miners are not at the table.
Read the full story on Context here: https://bit.ly/3NocVcn
Sign up for our newsletter, Climate. Change. for more analysis on the climate crisis - directly from the ground at: https://bit.ly/3T1oDvn
Released:
Oct 31, 2022
Format:
Podcast episode

Titles in the series (7)

How do we tackle the climate crisis without neglecting people whose livelihoods depend on polluting industries?  And what happens when they’re left behind? A Just Transition is about transforming the economy in ways that are fair for everyone - whether you mine coal or crypto, whether you work in the city or on a plantation, whether you’re an activist or an industrialist. In Series 1 of this podcast from Context, join host Iman Amrani and our journalists in Bangladesh, Brazil, Canada, Iceland, India and the United States to hear extraordinary stories about how the Just Transition is playing out across the globe.