Quite separate from CO2, there are NOX wet/dry scrubbers and flue gas desulfurization units (removal of SO2). While having a very helpful large reduction in fine particulate (PM2.5) and ozone downwind health impacts (SO2 and NOX form PM2.5 and O3 downwind), it unfortunately does not remove CO2 emissions.
In talking to power companies, my guess is that natural gas is being switched out for coal for many reasons, some more subtle. In part due to new PM2.5 and ozone regulations, in part because in some years it has been cheaper than coal due to new extraction techniques (fracking), and in part because it is easier to dispatch natural gas plants (ramp up and down) to meet electricity demand or high variance renewable energy generation like solar and wind (large spikes in generation).
[1] http://sequestration.mit.edu/tools/projects/index_capture.ht...
The costs of coal are higher than they were before and are growing. This is a direct result of government regulation. The other problem is that these regulations and the continual call for more is causing a great deal of market uncertainty, which is also driving up costs (not just for the coal but for equipment). Natural gas is currently not in the same position, it is cheaper and less regulated (no mining regulations/legislation). Further, because there has been so much drilled for there is a surplus (supply and demand ==> gas costs are lower). This is mostly because of the lack of good, viable, stable export terminals. So when some terminals open in the future we will see higher natural gas prices.
I actually agree with you on several points. Agreed that the economics are uncertain, and agreed that scrubbing is very useful, and is definitely worth the cost vs. a full switch over to natural gas (but that doesn't ignore the fact that a switch to natural gas happens for other reasons). And I agree with you that natural gas has higher variance (historically at the least), and higher future expected prices, particularly with exports.
[1] http://www.georgiapower.com/about-energy/energy-sources/natu...