The atmospheric CO2 concentration has been continuously increasing due to fossil fuel combustion. The transformations of CO2 and CO2 derivatives into high value-added chemicals such as alcohols are ideal routes to mitigate greenhouse gas emissions. Among alcohol products, methanol is very promising as it fulfills the carbon neutral cycle and can be used for direct methanol fuel cells. Herein, we summarize the recent progress in the hydrogenation of CO2 or CO2 derivatives to methanol, and focus on those systems with homogeneous catalysts and molecular hydrogen as the reductant. Discussions on the catalytic systems, efficiencies, and future outlooks will be given.