<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

Publié en ligne: 29 oct. 2022

Pages: 109 - 125

Reçu: 19 mai 2022

Accepté: 16 sept. 2022

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

Mots clés
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

Publié en ligne: 29 oct. 2022

Pages: 109 - 125

Reçu: 19 mai 2022

Accepté: 16 sept. 2022

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

Mots clésdigital 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.

Mots clés
digital tokens, tokenization, climate-aligned tokens, energy tokens, investment efficiency