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With the strategic goal of “carbon peaking and carbon neutral” in China, new requirements are also put forward for the thermal recovery of heavy oil. In view of the problems of excessive greenhouse gas emission, low steam utilization rate, poor economic efficiency, and limited reservoir application of steam stimulation replacement technology in China, the emerging technologies of medium- and low-temperature thermal fluid, solvent-assisted high-temperature steam injection, solvent-based medium- and low-temperature waterless recovery and in situ electric heating-assisted recovery are discussed in terms of technical principles, technical parameters, experimental/field effects, and technical and economic potential. The technical principles, technical parameters, experimental/field results, and techno-economic potential of low-carbon heavy oil recovery technologies are summarized and future development directions and trends are anticipated. The study’s findings indicate that some of the technologies that have been tested in the field, such as HWVP, EMVAPEX, AH-VAPEX, LASER, and ESEIEH, can be developed by relying on the original well groups for production and can reduce greenhouse gas emissions, such as CO₂, by about 80% and improve crude oil recovery by 5% to 10%, while the technologies concerned have outstanding effects on increasing oil production rate and lowering upfront capital investment. Some of the technologies that have been tested significantly increase oil production rate, lower initial capital expenditure, and enable solvent recycling, among other things. Among them, COBEEOR and N-SOLV technologies can also lower the amount of asphaltene in the output crude oil, enhance the API of the recovered crude oil, and provide strong economic advantages. CSP, CHSI, and hot water solvent injection were tested in indoor two-dimensional and three-dimensional experiments to validate their feasibility, while CO₂, propane, and butane solvents were initially screened and some of the technologies’ mechanisms were revealed to lay the groundwork for pilot projects. The executive summary of the research findings will serve as a guide for future low-carbon extraction technology research and development in China.