The recent achievements in the field of CO 2 capture and biofuel production through microalgae are presented in this chapter. Specifically, after a brief analysis of the main biological, chemical, and physical phenomena involved in the photosynthetic conversion of CO 2 to biofuels, the current technologies for CO 2 capture, microalgae growth, biomass harvesting, and lipid extraction are critically assessed with a particular focus on the potential exploitation of recent research results at the industrial scale. Finally, future scientific and technological directions for the direct CO 2 capture from flue gases through microalgae are also proposed.