FN ISI Export Format VR 1.0 PT J TI Decarbonizing electricity generation AF Gugler, Klaus Haxhimusa, Adhurim Liebensteiner, Mario AU Gugler, K Haxhimusa, A Liebensteiner, M BP 26 AB High carbon pricing in the EU ETS and a high share of renewable energies are forcing coal power plants with high emission intensities out of merit order, while gas power plants with relatively low emission intensities are gaining market shares. However, this effect is expected to be different across EU member states depending on their generation mixes and interconnection capacities. This implies that the effectiveness of renewable energies and carbon pricing in reducing electricity generation from fossil energy sources and thus emissions might not be homogenous. This paper evaluates the effectiveness of renewable energies and carbon pricing and their interplay in reducing the dependency on fossil energy sources. ER