Globally, the power generation from renewable energy sources (RES) has received considerable attention to reduce pollutant emissions and the total operating costs of power generation. In this context, this study aims to extend the multi-objective dynamic economic and emission dispatch (MODEED) problem by incorporating RES and pumped storage hydro plants. The complex constrained MODEED problem is solved by a fuzzy surrogate-assisted coronavirus herd immunity optimization (FSACHIO) algorithm in which a self-adaptive speed factor and Lévy flight mechanism are utilized to ensure populace diversity, prevent premature convergence and achieve an ideal stability among the exploration and exploitation of the algorithm. Surrogate worth tradeoff methodology is used to discover a solution that provides the optimal balance between the objectives such as operating expenses and emission pollutants. The performance of FSACHIO algorithm is validated on a small-scale and a large-scale test systems, involving 10-unit, and 40-unit test systems, and compared with that of the coronavirus herd immunity optimization, red fox optimizer, Remora optimization algorithm, and other erstwhile approaches. Besides, a fuzzy constraint handling method based on a dominance relationship is integrated to fulfill the restrictions of the MODEED problem. The simulation results reveal that: (i) the operating costs and emissions are reduced by 173785.54 $/day and 2992.1848 lb/day in the small-scale test system and by 6383.9903 $/day and 216631.4877 lb/day in the large-scale test system, respectively for the MODEED problem with the presence of RES and pumped storage hydro plants; (ii) the suggested approach may offer a well-distributed Pareto-optimal frontier and superior tradeoffs among the operating expenses and pollution objectives in comparison to the other approaches.