The objective of this work is to develop a novel system for regenerable SO{sub 2} and NO{sub x} scrubbing of flue gas that focuses on (a) a novel method for regeneration of spent SO{sub 2} scrubbing liquor and (b) novel chemistry for reversible absorption of NO{sub x}. In addition, high efficiency hollow fiber contactors, (HFC) are proposed as the devices for scrubbing the SO{sub 2} and NO{sub x} from the flue gas. The system will be designed to remove more than 95% of the SO{sub x} and more than 75% of the NO{sub x} from flue gases typical of pulverized coal-fired power plants at a cost that is at least 20% less than combined wet limestone scrubbing of SO{sub x} and selective catalytic reduction of NO{sub x}. In addition, the process will make only marketable byproducts, if any (no waste streams).