Advanced carbon nanomaterials, which comprises fullerene, graphene, and carbon nanotubes (CNTs) are considered as backbone of engineering and scientific Innovation due to their versatile chemical, physical and electrical properties. Sustainable carbon materials are fabricated using different physical and chemical methods, respectively. Moreover, fabrication methods are used to achieve advanced carbon monoliths which are constituents with desirable properties. Keeping a view of desirable monoliths, diverse allotropes of advanced carbon nanomaterials are mostly employed in renewable energy resources, organic photovoltaic, and energy conservation technology, respectively. Carbon nanomaterials offer tremendous potential for enhancing biology and drug delivery because of biocompatibility. The proposed chapter grants a variety of fabrications methods for sustainable carbon materials as well as highlights the miscellaneous applications. Further, graphene, carbon nanotube (CNT) and fullerene are considered as fast and effective nanocarriers for delivering therapeutic molecules. As advanced carbon materials have controllable porous structure, high surface area, high conductivity, high temperature stability, excellent anti-corrosion property and compatibility in composite materials so they can be employed in energy storage as electrocatalysts, electro-conductive additives, intercalation hosts and ideal substrate for active materials. Meanwhile, the chapter sums up the required demands of advanced carbon materials for technological innovation and scientific applied research.