In this study, an innovative and cost‐effective ionic polymer for CO2 capture and utilization for the first time, using abundant and nonfood‐based biomass lignin is reported. The modified ionic polymer synthesizes through the reaction of glycidyltrimethylammonium chloride with lignin under alkaline conditions to yield quaternary ammonium ionic functionality. Subsequently, the hydroxide‐based pure ionic lignin polymer is employed for CO2 capture from both direct air and concentrated CO2 sources at room temperature and atmospheric pressure. Structural characterization of the polymers is accomplished through 1H, 13C, and 2D‐heteronuclear single quantum coherence (HSQC) NMR, and FT‐IR spectroscopy. The CO2 capture process is established through the formation of bicarbonate ions alongside the presence of CO2. The captured CO2 is precisely quantified by using inverse‐gated proton decoupled 13C NMR with an internal standard (trioxane). Remarkably, the captured‐CO2 amounts of ionic lignin polymer are 1.06 mmol g−1 (47 mg g−1) from concentrated‐CO2 source and 0.60 mmol g−1 (26 mg g−1) from direct‐air. The captured‐CO2 in ionic lignin polymer is released in controlled manner and utilized in the synthesis of cyclic carbonate, showcasing the productive application of the captured carbon. Moreover, the fully controlled recovering of ionic lignin polymer achieves via repeated CO2 release ↔ CO2 capture.