<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The aim of the paper is to evaluate the investment attractiveness of selected energy tokens from the point of view of the effectiveness measures applied to ordinary financial instruments. The authors also classify energy tokens among climate-aligned tokens and digital instruments of green investments financing. In this way, it was possible to compare energy tokens against traditional financial instruments. Furthermore, the authors attempted to investigate the relationship between the formation of returns of the researched energy tokens and the returns on stock and commodity markets. The results of the study indicate the low investment attractiveness of energy tokens compared to investments in stock markets, commodity markets and investments in major cryptocurrencies such as Bitcoin and Ethereum. The research therefore indicates that buyers of energy tokens today should not be driven by investment or speculative motives but rather by a desire to obtain a means of clearing energy trading, or other utility.</p>
</abstract>

The aim of the paper is to evaluate the investment attractiveness of selected energy tokens from the point of view of the effectiveness measures applied to ordinary financial instruments. The authors also classify energy tokens among climate-aligned tokens and digital instruments of green investments financing. In this way, it was possible to compare energy tokens against traditional financial instruments. Furthermore, the authors attempted to investigate the relationship between the formation of returns of the researched energy tokens and the returns on stock and commodity markets. The results of the study indicate the low investment attractiveness of energy tokens compared to investments in stock markets, commodity markets and investments in major cryptocurrencies such as Bitcoin and Ethereum. The research therefore indicates that buyers of energy tokens today should not be driven by investment or speculative motives but rather by a desire to obtain a means of clearing energy trading, or other utility.

Energy tokens as digital instruments of financial investment

kamilla.marchewka-bartkowiak@ue.poznan.pl

Department of Investments and Financial Markets

Poznań University of Economics and Business

Economics and Business Review

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Energy tokens as digital instruments of financial investment"}

The aim of the paper is to evaluate the investment attractiveness of selected energy tokens from the point of view of the effectiveness measures applied to...

Energy tokens as digital instruments of financial investment

Published Online: Oct 29, 2022

Page range: 109 - 125

Received: May 19, 2022

Accepted: Sep 16, 2022

DOI: https://doi.org/10.18559/ebr.2022.3.6

Keywords
digital tokens, tokenization, climate-aligned tokens, energy tokens, investment efficiency

© 2022 Kamilla Marchewka-Bartkowiak et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Energy tokens as digital instruments of financial investment

Published Online: Oct 29, 2022

Page range: 109 - 125

Received: May 19, 2022

Accepted: Sep 16, 2022

DOI: https://doi.org/10.18559/ebr.2022.3.6

Keywordsdigital tokens, tokenization, climate-aligned tokens, energy tokens, investment efficiency

© 2022 Kamilla Marchewka-Bartkowiak et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
digital tokens, tokenization, climate-aligned tokens, energy tokens, investment efficiency