The world currently stands witness to increasing energy demand mainly because of population growth and improvements in the standard of living. This causes highly negative environmental constraints since energy production, especially from conventional energy sources, is a very intense polluter....

Coase always expressed dissatisfaction with neo-classical economics and advocated for a new approach. Rather than using toy mathematical models built from unrealistic, idealized assumptions, Coase preferred to study real-world contexts, including actual legal cases. He demonstrated the utility...