Cryptocurrency has been quite the trend in recent years. There are over 19,000 cryptocurrencies circulating around the world right now, and in 2021, the global market value of cryptocurrency doubled. But some coins have turned out to be major energy sucks, impacting the global climate and many local communities. Bitcoin alone uses 150 terra-watt hours of electricity per year, which is more than the entire country of Argentina. Today, we explore what cryptocurrency is, why some coins are using so much energy, and how they can reduce their climate impact moving forward. With special guest Dr. Benjamin Jones: Associate Professor of Economics at the University of New Mexico.
The Sweaty Penguin is presented by Peril and Promise: a public media initiative from The WNET Group in New York, reporting on the issues and solutions around climate change. You can learn more at pbs.org/perilandpromise.
Support the show and unlock exclusive merch, bonus content, and more for as little as $5/month at patreon.com/thesweatypenguin.
CREDITS
Writers: Hallie Cordingley, Naomi Rubin, Ethan Brown
Fact Checker: Sarika Sawant
Editor: Will Andronico
Producers: Ethan Brown, Shannon Damiano
Ad Voiceover: Will Andronico
Music: Brett Sawka
The opinions expressed in this podcast are those of the host and guests. They do not necessarily reflect the opinions or views of Peril and Promise or The WNET Group.