A comprehensive exergy, exergoeconomic and environmental impact analysis and optimization is reported of several combined cycle power plants (CCPPs). In the first part, thermodynamic analyses based on energy and exergy of the CCPPs are performed, and the effect of supplementary firing on the natural gas-fired CCPP is investigated. The latter step includes the effect of supplementary firing on the performance of bottoming cycle and CO2 emissions, and utilizes the first and second laws of thermodynamics. In the second part, a multi-objective optimization is performed to determine the "best" design parameters, accounting for exergetic, economic and environmental factors. The optimization considers three objective functions: CCPP exergy efficiency, total cost rate of the system products and CO2 emissions of the overall plant. The environmental impact in terms of CO2 emissions is integrated with the exergoeconomic objective function as a new objective function. The results of both exergy and exergoeconomic analyses show that the largest exergy destructions occur in the CCPP combustion chamber, and that increasing the gas turbine inlet temperature decreases the CCPP cost of exergy destruction. The optimization results demonstrates that CO2 emissions are reduced by selecting the best components and using a low fuel injection rate into the combustion chamber. Crown Copyright (C) 2011 Published by Elsevier Ltd. All rights reserved.