Advanced remote sensing technology has provided spatially distributed variables for estimating land–ocean heat fluxes, allowing for practical applications in drought monitoring, water resources management, and climate assessment. This Special Issue includes several research studies using state-of-the-art algorithms for estimating downward longwave radiation, surface net radiation, latent heat flux, columnar atmospheric water vapor, fractional vegetation cover, and grassland aboveground biomass. This Special Issue intends to help scientists involved in global change research and practices better comprehend the strengths and disadvantages of the application of remote sensing for monitoring surface energy, water, and carbon budgets. The studies published in this Special Issue can be applied by natural resource management communities to enhance the characterization and assessment of land–ocean biophysical variables, as well as for more accurately partitioning heat flux into soil and vegetation based on the existing and forthcoming remote sensing data.