The rising CO2 content in the atmosphere calls for urgent decarbonization efforts. Carbon capture and storage (CCS) have proven effective in storing large volumes of CO2 in geological reservoirs. Nevertheless, challenges persist in identifying sustainable energy sources and efficient storage sites, especially in carbonate reservoirs. This study aims to characterize the Miocene carbonate reservoir in the Jintan Megaplatform, for CO2 storage and geothermal energy utilization. By integrating advanced technologies such as CO2 Plume Geothermal (CPG) with 3D seismic techniques, borehole analysis and numerical modelling, the study reveals the distribution of critical reservoir characteristics, including architecture, heterogeneity, karstification, fractures, porosity, permeability, temperature and pressure that are paramount for CO2 plume and energy production. The reservoir is estimated to store over 31 Gt of CO2, produce 3.824 × 1018 J of geothermal energy and ⁓44.3 GW of power. This power output can be utilized for electrification of the CCS operations, industrial and municipals, potentially generating over $1.4 billion in revenue. A flow-through model has been proposed to improve energy efficiency, reservoir management, and risk mitigation. This study advances to achieving net-zero targets and the United Nations Sustainable Development Goals on clean energy, climate action and sustainable communities.