AbstractThe urgency to mitigate environmental impacts from anthropogenic CO2 emissions has propelled extensive research efforts on CO2 reduction. The current work reports a novel approach involving transforming CO2 and ethane into carbon nanotubes (CNTs) using earth‐abundant metals (Fe, Co, Ni) at 750 °C. This route facilitates long‐term carbon storage via generating high‐value CNTs and produces valuable syngas with adjustable H2/CO ratios as byproducts. Without CO2, direct pyrolysis of ethane undergoes rapid deactivation. The participation of CO2 not only enhances the durability of the catalyst, but also contributes about 30 % of the CNTs production, presenting a viable solution to CO2 challenges. The CNT morphology depends on the catalyst used. Co‐ and Ni‐based catalysts produce CNT with a 20 nm diameter and micrometer length, whereas Fe‐based catalysts yield bamboo‐like structures. This work represents a pioneering effort in utilizing CO2 and ethane for CNT production with potential environmental and economic benefits.