A bigger complication: you get Li3N by exposing Li to nitrogen. Refining lithium, however, consumes 35 kWh/kg. In comparison, burning one kg of coal produces just 2 kWh of heat energy (and much less than that in actual electrical output)
Bingo! The answer as to why this will remain a laboratory curiosity -- at least as far as disposal of CO2 is concerned.
IF somone develops a semiconductor process/product based on the reaction product, a few Kg of CO2 might be sequestered by it. Qtherwise, it is a mere curiosity...
Of course, let me be the first to point out that there is ZERO need to "sequester" atmospheric CO2 in the first place...