The development of new technologies to reduce emissions and capture or store CO2 emitted into the atmosphere is constantly expanding. In this sense, the electrolytic synthesis in molten carbonates enables converting CO2 into carbonaceous materials with economic value. The detailed study of the synthesis parameters allows the control of the product properties. Most studies in this area use lithium carbonate (Li2CO3) as an electrolyte. However, it is expensive and may limit the effective application. In this work, the effect of electrolyte composition and synthesis time was investigated. The amount of Li2CO3 used was reduced. For this, Li2CO3 (95, 90, and 85 wt%) and calcium carbonate (CaCO3) (5, 10, and 15 wt%) mixtures were employed as electrolytes. The electrolysis was conducted at 1 A for different times (1, 2, or 4 h). Raman spectroscopy, X‐ray diffraction, scanning, and transmission electron microscopy were performed to assess the properties of the obtained carbon nanomaterials. The results showed that it was possible to obtain multiwalled carbon nanotubes (CNTs) with diameter in the range of 53 ± 4 to 117 ± 8 nm. The CNTs with smaller diameters (53 ± 4 nm) and fewer defects (ID/IG = .67) were obtained for the electrolyte containing 10% of CaCO3 and synthesis time of 2 h.