| The power generation industry is under intense pressure to curb air emissions. Market-based schemes in which power generators can trade "emissions permits" have been shown to be a cost-effective way to prompt air pollution reduction. Many countries are now considering the establishment of such a market for greenhouse gas emissions.; This thesis examines the effect of particulate, nitrogen oxide and sulfur dioxide control on power plant financial performance and technology selection through the use of a spreadsheet-based model. It also explores the impact carbon dioxide equivalent trading will have on air pollution control costs. Particular focus has been placed on how current trends in emissions policy may influence the comparison of two important power generation technologies---the circulating fluidized bed boiler and the pulverized-coal fired boiler. |
