A major driver of global climate change is the rising concentration of atmospheric CO₂, the mitigation of which requires the development of efficient and sustainable carbon capture technologies. Solid porous adsorbents have emerged as promising alternatives to liquid amine counterparts due to their potential to reduce regeneration costs. Among them, porous carbons stand out for their high surface area, tailorable pore structure, and exceptional thermal and mechanical properties, making them highly robust and efficient in cycling operations. Moreover, porous carbons can be synthesized from readily available organic (waste) streams, reducing costs and promoting circularity. Lignin, a renewable and abundant by-product of the forest products industry and emerging biorefineries, is a complex organic polymer with a high carbon content, making it a suitable precursor for carbon-based adsorbents. This review explores lignin's sources, structure, and thermal properties, as well as traditional and emerging methods for producing lignin-based porous adsorbents. We examine the physicochemical properties, CO₂ adsorption mechanisms, and performance of lignin-derived materials. Additionally, the review highlights recent advances in lignin valorization and provides critical insights into optimizing the design of lignin-based adsorbents to enhance CO₂ capture efficiency. Finally, it addresses the prospects and challenges in the field, emphasizing the significant role that lignin-derived materials could play in advancing sustainable carbon capture technologies and mitigating climate change.