Atomically-dispersed metal-based materials represent an emerging class of photocatalysts attributed to their high catalytic activity, abundant surface active sites, and efficient charge separation. Nevertheless, the roles of different forms of atomically-dispersed metals (i.e., single-atoms and atomic clusters) in photocatalytic reactions remain ambiguous. Herein, we developed an ethylenediamine (EDA)-assisted reduction method to controllably synthesize atomically dispersed Au in the forms of Au single atoms (AuSA), Au clusters (AuC), and a mixed-phase of AuSA and AuC (AuSA+C) on CdS. In addition, we elucidate the synergistic effect of AuSA and AuC in enhancing the photocatalytic performance of CdS substrates for simultaneous CO2 reduction and aryl alcohol oxidation. Specifically, AuSA can effectively lower the energy barrier for the CO2→*COOH conversion, while AuC can enhance the adsorption of alcohols and reduce the energy barrier for dehydrogenation. As a result, the AuSA and AuC co-loaded CdS show impressive overall photocatalytic CO2 conversion performance, achieving remarkable CO and BAD production rates of 4.43 and 4.71 mmol g−1 h−1, with the selectivities of 93% and 99%, respectively. More importantly, the solar-to-chemical conversion efficiency of AuSA+C/CdS reaches 0.57%, which is over fivefold higher than the typical solar-to-biomass conversion efficiency found in nature (ca. 0.1%). This study comprehensively describes the roles of different forms of atomically-dispersed metals and their synergistic effects in photocatalytic reactions, which is anticipated to pave a new avenue in energy and environmental applications.