2.0 μm emission properties of Er3+/Ho3+ codoped silicate glasses were investigated pumped by 980 nm LD. Absorption spectra were determined. Intense mid-infrared emissions near 2 μm are observed. The spectral components of the 2 μm fluorescence band were analyzed and an equivalent model of four-level system was proposed to describe broadband 2 μm emission. Low OH− absorption coefficient (0.23 cm−1), high fluorescence lifetime (2.95 ms) and large emission cross section (5.61 × 10−21 cm2) corresponding to Ho3+: 5I7→5I8 transition were obtained from the prepared glass. Additionally, energy transfer efficiency from the Er3+: 4I13/2 to the Ho3+: 5I7 level can reach as high as 85.9% at 0.75 mol% Ho2O3 doping concentration. Energy transfer microscopic parameters (CDA) via the host-assisted spectral overlap function were also calculated to elucidate the observed 2 μm emissions in detail. Moreover, the rate equation model between Er3+ and Ho3+ ions was developed to elucidate 2 μm fluorescence behaviors with the change of Ho3+ concentration. All results reveal that Er3+/Ho3+ codoped silicate glass is a promising material for improving the Ho3+ 2.0 μm fiber laser performance.