Nanocarbon materials, characterized by their exceptional properties and nanoscale structure, have garnered significant attention for their diverse applications in energy storage, catalysis, and water purification. This review article explores the sustainable synthesis of nanocarbon from locally available natural raw materials, such as walnut shells, rice husks, and bamboo. By harnessing waste materials, researchers promote environmental consciousness and cost-effectiveness, while also reducing waste accumulation and resource consumption. The classification of nanocarbons, including graphene, carbon nanotubes, fullerenes, and activated carbon, offers insights into their unique advantages and potential applications. Moreover, the versatility of extraction methods, such as pyrolysis, carbonization, and activation, enables the tailoring of nanocarbon properties to suit specific applications. The wide-ranging applications of nanocarbon materials, from energy storage to biomedical uses, highlight their immense potential in addressing diverse challenges and driving technological advancements. By embracing sustainable practices in nanocarbon synthesis, this review underscores the pivotal role of locally sourced nanocarbon materials in promoting a greener and more resilient future.