This review examines the potential of municipal solid waste (MSW) as a renewable energy source, focusing on recent advances in thermochemical conversion technologies and their environmental impacts. The exponential growth of urban populations has led to a surge in MSW, necessitating sustainable waste management solutions. Traditional disposal methods, such as landfilling and incineration, have significant environmental drawbacks. However, advancements in waste-to-energy (WtE) technologies, including incineration, pyrolysis, and gasification, offer promising alternatives for energy recovery and resource utilization. This review explores the composition of MSW, its classification as a renewable resource, and the thermochemical conversion technologies that transform waste into energy. The environmental impacts of these technologies, particularly emissions and air quality concerns, are critically analyzed. The review highlights the evolving regulatory landscape and the implementation of advanced emission reduction systems. The findings underscore the importance of integrating innovative waste management strategies to promote a circular economy and achieve sustainable development goals.