FN ISI Export Format VR 1.0 PT J TI Effect of COVID-19 on Power Sector Emissions AF Haxhimusa, Adhurim Liebensteiner, Mario AU Haxhimusa, A Liebensteiner, M AB This paper provides causal estimates of the spread of the coronavirus (COVID-19) on power sector emissions via a drastic drop in electricity demand. For 16 European economies, we find that at its peak, COVID-19 reduced hourly carbon emissions by 34%. Our results vary by country depending on the particular electricity supply mix and demand shock. Our study reveals the limits of energy efficiency policies, which may never reach the scope of COVID-19’s demand reduction. ER