The use of CALF-20 for CO2 capture from humid flue gases has attracted a vast amount of attention from both academia and industry. The focus of this article is on CO2/H2O mixture adsorption for which published experimental data demonstrate the severe limitations of the Ideal Adsorbed Solution Theory (IAST) in providing a quantitative estimation of the component loadings. We use Configurational-Bias Monte Carlo (CBMC) simulations for elucidating the origins of thermodynamic non-idealities. The CBMC simulations reveal that two distinct regimes prevail during mixture adsorption. For low relative humidities less than say 20 %, the CO2 loadings in the adsorbed phase is significantly higher than anticipated by the IAST. CBMC simulations of intermolecular distances for guest pairs reveal that failure of the IAST can be traced to the phenomenon of segregated adsorption. The H2O-H2O pairs are close together at typical distances of about 3 Å. The CO2-H2O pairs are typically 8 Å apart, occupying adjacent adsorption sites corresponding to the O atoms of the oxalate group. This implies that the CO2 molecules face a less severe competitive adsorption with H2O than is anticipated by the IAST, whose applicability mandates a uniform and homogeneous distribution of adsorbates in pore space. The situation changes dramatically at high values of relative humidities, typically larger than about 50 %; in this scenario, the adsorbed phase is significantly richer in H2O. The CO2 molecules are compelled to share same adsorption site with pairs of H2O molecules that are hydrogen-bonded with each other. Consequently, the competition faced by CO2 is significantly higher than anticipated by the IAST, resulting in significantly lower CO2 uptakes.The important message that emerges from this investigation is the need to incorporate the Real Adsorbed Solution Theory (RAST) for quantitative modelling of fixed-bed adsorbers in CO2 capture with CALF-20.