Cost-effective activated carbons for CO₂ adsorption were developed from molasses using H₂SO₄, H₃PO₄, HCl, NaOH, and KOH as activating agents. At the temperature of 0 °C and a pressure of 1 bar, CO₂ adsorption equal to 5.18 mmol/g was achieved over activated carbon obtained by KOH activation. The excellent CO₂ adsorption of M-KOH can be attributed to its high microporosity. However, activated carbon prepared using HCl showed quite high CO₂ adsorption while having very low microporosity. The absence of acid species on the surface promotes CO₂ adsorption over M-HCl. The pore size ranges that are important for CO₂ adsorption at different temperatures were estimated. The higher the adsorption temperature, the more crucial smaller pores were. For 1 bar pressure and temperatures of 0, 10, 20, and 30 °C, the most important were pores equal and below: 0.733, 0.733, 0.679, and 0.536 nm, respectively.