The production of light olefins from the hydrogenation of CO2 is an efficient way to utilize CO2, where the surface oxygen vacancy in metal oxide plays an important role in CO2 adsorption and activation. Here, the Ga-Zr metal oxides were prepared by hydrolysis of urea at different temperatures and combined with SAPO-34 to prepare the bifunctional catalyst for CO2 hydrogenation to light olefins. The surface oxygen vacancy content of Ga-Zr oxide increases with increasing urea hydrolysis temperature, and a high CO2 conversion of 26.4% and C2=–C4= hydrocarbon selectivity of 87.2% were obtained by a well-matched amount of desorbed CO2 and H2. Using the CO2 and H2/HCOOH/CH3OH as probe molecules, the in-situ DRIFT spectra reveal that the CO2 could be activated on surface oxygen vacancy and converted to CO3* and HCO3* species, which were further hydrogenated to HCOO* and CH3O* species. While the by-product CO mainly originates from the decomposition of HCOO* and the presence of SAPO-34 converts CH3O* to C2=–C4=. The current study illustrates that boosting the surface oxygen vacancy in defected surfaces of metal oxide and providing a matching H2 dissociation ability is the key to improve the performance of CO2 hydrogenation to light olefins.