Saying the market wouldn't have still gone through the industrial revolution is tantamount to saying that industrial society is not economically efficient!
Isn't that rather like saying that there wouldn't have been a strictly monotonic route from the pre-industrial society maximum to the industrial society maximum? There might have been, or might have not been, but a priori it's not absurd to postulate that with coal tax from day 1 the road to a more efficient final state wouldn't have been blocked.