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Environment

John Quiggin, Professor, School of Economics, The University of Queensland

The most important cryptocurrency event in years is about to begin – and the biggest windfall goes to the planet

Crypto Bitcoin Ethereum Electricity

Dave Hunt/AAP

Amid the continuous noise about cryptocurrencies, it’s often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years.

Ethereum, the world’s second largest cryptocurrency, is tomorrow expected to start a technology changeover which, once complete, should cause its carbon emissions to plummet by 99%.

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