Rapid industrialization and urban development around the world have significantly increased carbon dioxide emissions, adversely affecting climate and ecosystems. Therefore, carbon capture and storage emerged as a promising route to reduce environmental CO2 concentration. Among various CO2 capture technologies, adsorption through carbon‐based porous materials has attracted particularly strong attention. This is primarily due to their high specific surface area, selective CO2 adsorption, moderate heat of adsorption, tunable morphology, and reduced degradation in moisture. This review critically examines carbon‐based CO2 sorbents derived from diverse sources. The key factors controlling adsorption performance, including the impact of structural and functional properties are discussed. The future research directions in this rapidly emerging field, contributing to the decarbonization of the global economy and society, are highlighted.