AbstractTo alleviate CO2 emissions and reduce reliance on fossil fuels, a groundbreaking bifunctional catalyst system was introduced, which ingeniously merged CZZ with modified SAPO‐34 zeolite, to convert CO2 into light olefins. Different metals were impregnated into SAPO‐34 to form MeSAPO‐34 (Me = Zn, Zr, Mn) and the metal Zr content was altered. Furthermore, CZZ and MeSAPO‐34 was combined into CZZ/MeSAPO‐34 composite catalysts, which was used for CO2 hydrogenation. The MeSAPO‐34 and xZrSAPO‐34 catalysts were rigorously characterized by various techniques, revealing key physicochemical attributes. This innovative approach harnessed the synergistic effects between the metallic CZZ component and the modified zeolite to facilitate a series of reactions, effectively generating C2‐C4‐rich hydrocarbons. Benefiting from weak acid, higher oxygen vacancy concentration and interactions between components, the CZZ/ZrSAPO‐34 catalyst system has shown remarkable efficiency in enhancing the light olefin selectivity. The key aspects of this system are its ability to modulate surface acidity and oxygen vacancy concentration, thus creating favorable conditions for light olefin production via enhanced tandem reaction based on CO2 hydrogenation. This work enriches our insight into designing novel composite catalysts for promoting CO2 conversion and hence mitigating CO2 emissions.