![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NWER5SB7MHZFF3BPIJIGVSZI5E.jpg?smart=true&auth=9e6e5722ba3144cdac5d1c54b7c2e4a102a3f02d7c2bac9b9449236239c1e119&width=400&height=225)
Tesla chief executive Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, in Gruenheide near Berlin. This week, Tesla boss Elon Musk criticized bitcoin's power consumption, particularly of energy produced from coal, and said he would no longer accept the cryptocurrency as payment for his electric cars. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OI5XI34W37WF6HF5IRWZO7GT6M.jpg?smart=true&auth=f8fe9d0c51cf6e2dd490a223a8db385e12373a5a02208c32098e3e2af859a80e&width=400&height=225)
A technician removes a cryptocurrency mining rig from a rack at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada. Tokenisation can play a big role in improving the energy efficiency of big oil producers, such as the US, which wastes more than 50% of the energy it produces. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/3M2LKBY5LLF4DSYCRRIPAYCZD4.jpg?smart=true&auth=593e31e19351dd468da03eea189661939f571e5200dc6be9abd541990ce3b588&width=400&height=225)
Technicians inspect bitcoin mining machines at Bitmain Technologies in Inner Mongolia, China. The digital currency has stirred a lot of controversy over its energy impact, with Iran banning crypto-mining last week, blaming it for causing four months of continuous blackouts in the country. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TZUXLCPNJYDK2LD5HXCKOKSPGY.jpg?smart=true&auth=014813d9e5e55c007393d6fecf35cc37c68479fad58447a584d4b11343dfd702&width=400&height=225)
A bitcoin mining data centre is seen on an oil field in North Texas. As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FJHFPWOLT2WVWRCPEMUVVIRXB4.jpg?smart=true&auth=b3d690dc8630f6f161ec523e2aecdd8dc462791efc585ca7414768473e708175&width=400&height=225)
A natural gas-powered bitcoin mining farm occupied by PermianChain and operated by Brox Equity’s group of companies in rural Alberta. Courtesy: Brox Energy, Brox Power, Brox Data Centres.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TPINT2ISZCCRGPZ3IY5YW5KLQM.jpg?smart=true&auth=8ef80ac681ebd32db14a04efebd995028271b73e6495f1f1766789ae00bbf21c&width=400&height=225)
A natural gas generator is seen powering a bitcoin mining data center on an oil field in North Texas. Tokenisation can help investors pitch in to fund stranded assets such as an isolated patch of the North American shale basin, which is economically unviable to develop. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UTRNMCZZEJHPK6HMHXOFDKX7GE.jpg?smart=true&auth=6e41e8f849a4160d445a1a32f478aea5be92be60058f21c2aaa6729d9d5102d7&width=400&height=225)
A worker places a solar panel into position on a roof during a Shift Energy Group solar installation on a home in Victoria, British Columbia, Canada. Tokenisation of energy assets is also gaining ground in the solar photovoltaic sector, where companies are encouraging consumers to buy into panels and take ownership of assets. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WCLZLP4IEHUBEMCYCDZJKH4WAQ.jpg?smart=true&auth=0245fa92ae9b8c483578b064933b9e1ad6ea63b07a46c874a3f81b29b723a1f2&width=400&height=225)
Solar panels and wind turbines on the outskirts of the new city area of Yumen, Gansu province, China. Tokenisation is also being increasing used in developing energy projects, notably renewables and sustainable infrastructure in Asia. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NEPJYM35IZM2J4Z626YV3N5IRM.jpg?smart=true&auth=3aa0c82f271f308ee7362ce0c666b269f42b5d88fe66d736b14ee6c080283728&width=400&height=225)
A coal-fired heating complex in China. The International Energy Agency called on countries not to invest in new fossil fuel developments to attain their carbon-reduction goals by 2050. Reuters
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/32TRITBX6ATBI3VAFRB7RTCSY4.jpg?smart=true&auth=50a04917e1147eba5ca4c1d3967abb84619497cc5f386fcfb336a941521c3c8b&width=400&height=225)
A view of the 100-megawatt molten salt solar thermal power plant in Dunhuang in China's northwestern Gansu province. Global spending on the energy transition hit a record of more than $500bn in 2020, as countries continue to prioritise offsetting emissions. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GINH5QSRILBE37FYWZZNBFFRJU.jpg?smart=true&auth=60f47c959ff26f8afdecbb81c5ba5a2a26867901645c30292745cd20747e7281&width=400&height=225)
The sunsets behind the Burbo Bank Offshore Wind Farm in Liverpool Bay in the Irish Sea in north west England. Flows of finance into the energy transition reached an all-time high of $501bn last year, up from $458bn in 2019, according to the WEF's Energy Transition Index 2021.
AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UVEWVNDDZ6DHUHJF565WMU4FY4.jpg?smart=true&auth=7df684279a7070e4c9a3882fde00079517bd1e455d766c5f3a3440fb4428a5fd&width=400&height=225)
Chief executive Hardik Bhatia says SolarGridX is using the blockchain technology of tokenisation to raise funds for solar projects Source: Solar GridX
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/QVCRCPYE4KJK63UWHJZPZWN27U.jpg?smart=true&auth=f620c2245198a98902688b363f36da2df1ec25c1befd6c039dea797cb3f79a87&width=400&height=225)
Tesla electric vehicles are charged at a Tesla Supercharger charging station in Hanam, South Korea. Bahrain-based Fasset, which calls itself a platform for ethical financing of sustainable infrastructure, piloted the tokenisation of a Tesla Supercharger in the kingdom earlier this month. Reuters
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NWER5SB7MHZFF3BPIJIGVSZI5E.jpg?smart=true&auth=9e6e5722ba3144cdac5d1c54b7c2e4a102a3f02d7c2bac9b9449236239c1e119&width=400&height=225)
Tesla chief executive Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, in Gruenheide near Berlin. This week, Tesla boss Elon Musk criticized bitcoin's power consumption, particularly of energy produced from coal, and said he would no longer accept the cryptocurrency as payment for his electric cars. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/OI5XI34W37WF6HF5IRWZO7GT6M.jpg?smart=true&auth=f8fe9d0c51cf6e2dd490a223a8db385e12373a5a02208c32098e3e2af859a80e&width=400&height=225)
A technician removes a cryptocurrency mining rig from a rack at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada. Tokenisation can play a big role in improving the energy efficiency of big oil producers, such as the US, which wastes more than 50% of the energy it produces. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/3M2LKBY5LLF4DSYCRRIPAYCZD4.jpg?smart=true&auth=593e31e19351dd468da03eea189661939f571e5200dc6be9abd541990ce3b588&width=400&height=225)
Technicians inspect bitcoin mining machines at Bitmain Technologies in Inner Mongolia, China. The digital currency has stirred a lot of controversy over its energy impact, with Iran banning crypto-mining last week, blaming it for causing four months of continuous blackouts in the country. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TZUXLCPNJYDK2LD5HXCKOKSPGY.jpg?smart=true&auth=014813d9e5e55c007393d6fecf35cc37c68479fad58447a584d4b11343dfd702&width=400&height=225)
A bitcoin mining data centre is seen on an oil field in North Texas. As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FJHFPWOLT2WVWRCPEMUVVIRXB4.jpg?smart=true&auth=b3d690dc8630f6f161ec523e2aecdd8dc462791efc585ca7414768473e708175&width=400&height=225)
A natural gas-powered bitcoin mining farm occupied by PermianChain and operated by Brox Equity’s group of companies in rural Alberta. Courtesy: Brox Energy, Brox Power, Brox Data Centres.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TPINT2ISZCCRGPZ3IY5YW5KLQM.jpg?smart=true&auth=8ef80ac681ebd32db14a04efebd995028271b73e6495f1f1766789ae00bbf21c&width=400&height=225)
A natural gas generator is seen powering a bitcoin mining data center on an oil field in North Texas. Tokenisation can help investors pitch in to fund stranded assets such as an isolated patch of the North American shale basin, which is economically unviable to develop. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UTRNMCZZEJHPK6HMHXOFDKX7GE.jpg?smart=true&auth=6e41e8f849a4160d445a1a32f478aea5be92be60058f21c2aaa6729d9d5102d7&width=400&height=225)
A worker places a solar panel into position on a roof during a Shift Energy Group solar installation on a home in Victoria, British Columbia, Canada. Tokenisation of energy assets is also gaining ground in the solar photovoltaic sector, where companies are encouraging consumers to buy into panels and take ownership of assets. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WCLZLP4IEHUBEMCYCDZJKH4WAQ.jpg?smart=true&auth=0245fa92ae9b8c483578b064933b9e1ad6ea63b07a46c874a3f81b29b723a1f2&width=400&height=225)
Solar panels and wind turbines on the outskirts of the new city area of Yumen, Gansu province, China. Tokenisation is also being increasing used in developing energy projects, notably renewables and sustainable infrastructure in Asia. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NEPJYM35IZM2J4Z626YV3N5IRM.jpg?smart=true&auth=3aa0c82f271f308ee7362ce0c666b269f42b5d88fe66d736b14ee6c080283728&width=400&height=225)
A coal-fired heating complex in China. The International Energy Agency called on countries not to invest in new fossil fuel developments to attain their carbon-reduction goals by 2050. Reuters
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/32TRITBX6ATBI3VAFRB7RTCSY4.jpg?smart=true&auth=50a04917e1147eba5ca4c1d3967abb84619497cc5f386fcfb336a941521c3c8b&width=400&height=225)
A view of the 100-megawatt molten salt solar thermal power plant in Dunhuang in China's northwestern Gansu province. Global spending on the energy transition hit a record of more than $500bn in 2020, as countries continue to prioritise offsetting emissions. AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GINH5QSRILBE37FYWZZNBFFRJU.jpg?smart=true&auth=60f47c959ff26f8afdecbb81c5ba5a2a26867901645c30292745cd20747e7281&width=400&height=225)
The sunsets behind the Burbo Bank Offshore Wind Farm in Liverpool Bay in the Irish Sea in north west England. Flows of finance into the energy transition reached an all-time high of $501bn last year, up from $458bn in 2019, according to the WEF's Energy Transition Index 2021.
AFP
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UVEWVNDDZ6DHUHJF565WMU4FY4.jpg?smart=true&auth=7df684279a7070e4c9a3882fde00079517bd1e455d766c5f3a3440fb4428a5fd&width=400&height=225)
Chief executive Hardik Bhatia says SolarGridX is using the blockchain technology of tokenisation to raise funds for solar projects Source: Solar GridX
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/QVCRCPYE4KJK63UWHJZPZWN27U.jpg?smart=true&auth=f620c2245198a98902688b363f36da2df1ec25c1befd6c039dea797cb3f79a87&width=400&height=225)
Tesla electric vehicles are charged at a Tesla Supercharger charging station in Hanam, South Korea. Bahrain-based Fasset, which calls itself a platform for ethical financing of sustainable infrastructure, piloted the tokenisation of a Tesla Supercharger in the kingdom earlier this month. Reuters
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NWER5SB7MHZFF3BPIJIGVSZI5E.jpg?smart=true&auth=9e6e5722ba3144cdac5d1c54b7c2e4a102a3f02d7c2bac9b9449236239c1e119&width=400&height=225)
Tesla chief executive Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, in Gruenheide near Berlin. This week, Tesla boss Elon Musk criticized bitcoin's power consumption, particularly of energy produced from coal, and said he would no longer accept the cryptocurrency as payment for his electric cars. AFP
How can tokenisation help to finance the world's energy transition?
The nascent global tokenisation market is expected to grow by 19.5 per cent a year, from $1.9 billion to $4.8bn by 2025
![Jennifer Gnana](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F7abde866-783e-4444-a76c-227a1868779a.png?smart=true&auth=e54b8cf35ae056eb073abcbbf7b6f44649bc84c50d1cb032107411b84f562e44&width=70&height=70)
Jennifer Gnana
08 June, 2021
- Listen In English
- Listen In Arabic