Due to carbon dioxide (CO₂) levels, driven by our reliance on fossil fuels and deforestation, the challenge of global warming looms ever larger. The need to keep the global temperature rise below 1.5 °C has never been more pressing, pushing us toward innovative solutions. Enter carbon capture, utilization, and storage (CCUS) technologies, our frontline defense in the fight against climate change. Imagine a world where CO₂, once a harbinger of environmental doom, is transformed into a tool for healing. This review takes you on a journey through the realm of CCUS, revealing how these technologies capture CO₂ from the very sources of our industrial and power activities, repurpose it, and lock it away in geological vaults. We explore the various methods of capture—post-combustion, oxy-fuel combustion, and membrane separation—each with their own strengths and challenges. But it is not just about science; economics play a crucial role. The costs of capturing, transporting, and storing CO₂ are substantial, but they come with the promise of a burgeoning market for CO₂-derived products. We delve into these financial aspects and look at how captured CO₂ can be repurposed for enhanced oil recovery, chemical manufacturing, and mineralization, turning waste into worth. We also examine the landscape of commercial-scale CCS projects, highlighting both global strides and regional nuances in their implementation. As we navigate through these advancements, we spotlight the potential of Artificial Intelligence (AI) to revolutionize CCUS processes, making them more efficient and cost-effective. In this sweeping review, we underscore the pivotal role of CCUS technologies in our global strategy to decarbonize and forge a path toward a sustainable future. Join us as we uncover how innovation, supportive policies, and public acceptance are paving the way for a cleaner, greener world.