Energy tokens as digital instruments of financial investment

• Authors: Kamilla Marchewka-Bartkowiak , Marcin Wiśniewski

Abstracts

EN

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.

Keywords

EN

digital tokens; tokenization; climate-aligned tokens; energy tokens; investment ecfiiency

• Publisher: Uniwersytet Ekonomiczny w Poznaniu
• Journal: Economics and Business Review
• Year: 2022
• Volume: 8
• Issue: 3
• Pages: 109-125

Dates

published

2022

Contributors

author

Kamilla Marchewka-Bartkowiak

• Department of Investments and Financial Markets, Poznań University of Economics and Business, al. Niepodległości 10, 61-875 Poznań, Poland

author

Marcin Wiśniewski

• Department of Investments and Financial Markets, Poznań University of Economics and Business, al. Niepodległości 10, 61-875 Poznań, Poland

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Identifiers

DOI

10.18559/ebr.2022.3.6

Biblioteka Nauki

2131133