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While some pundits claim that actions such as a carbon tax will reduce the use of fossil fuel-produced electricity, others claim these fuels will remain the lower-cost alternatives for many years. According to McIlvaine, the carbon tax would have a positive effect for the air pollution industry for the following reasons:
The least expensive way to reduce CO2 emissions is to replace existing coal-fired plants with new, more efficient plants. Europe is leading the way in this replacement program.
Undeveloped countries without the carbon tax will see a growth and these plants will require air pollution control equipment.
CO2 sequestration requires additional air pollution control investments.
A carbon tax would tend to accelerate development of technologies that require air pollution control systems. For example, ethanol plants need scrubbers and fabric filters.
There will be the acceleration of new technology to make coal plants green.
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