• The nexus between carbon tax, CO 2 emissions and parameters in gas-fired power plant was modeled. • The optimized networks consist of 3 input units, 15 hidden neurons, and 1 output unit. • The network performance in modeling the carbon tax prediction resulted in R 2 greater than 0.9. • The gas flow rate had the most significant effect on the predicted carbon tax. Huge emissions of carbon dioxide (CO 2 ) from the utilization of fossil fuel for power generation has significantly contributed to global warming. In view of this, technological pathways have been initiated to mitigate the effect of CO 2 emissions through capture, storage, and utilization. Besides, there is an increasing acceptance of carbon tax which is levied in the proportion of carbon emissions from the utilization of fossil fuel. In this study, the nexus between carbon tax, equivalent CO 2 emissions from the gas-fired power plant, natural gas flow rate, and air-to-fuel ratio was modeled using a perceptron neural network. The effect of various combinations of identity, hyperbolic tangent, and sigmoid activation functions at the hidden and outer layer of the neural network on the performance of the models was investigated. The various network configurations were trained using the Levenberg-Marquardt algorithm with the network errors backpropagated to enhance the performance. The optimized networks consist of three input units, 15 hidden neurons, and one output unit. The network performance in modeling the carbon tax prediction resulted in R 2 of 0.999, 0.999, 0.999, 0.998, and 0.999 for model 1, model 2, model 3, model 4, and model 5, respectively which is an indication that the calculated carbon tax was strongly correlated with the predicted values. The prediction errors of 0.019, 0.009, 0.002, 0.016, 0.002 obtained from model 1, model 2, model 3, model 4, and model 5, respectively revealed the robustness of the models in predicting the carbon tax with minimum error. Among the various configurations investigated, the perceptron neural network configured with hyperbolic tangent and sigmoid activation function at the hidden and outer layers, as well as the configuration with sigmoid activation functions at the hidden and outer layers, offer the best performance. The sensitivity analysis shows that the flow rate of the natural gas had the most significant effect on the predicted carbon tax.
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