The syntheses of several dialkyl complexes based on rare‐earth metal were described. Three β‐diimine compounds with varying N‐aryl substituents (HL1=(2‐CH3O(C6H4))NC(CH3)CHC(CH3)NH(2‐CH3O(C6H4)), HL2 = (2,4,6‐(CH3)3 (C6H2))NC(CH3)CHC(CH3)NH(2,4,6‐(CH3)3(C6H2)), HL3 = PhNC(CH3)CH(CH3) NHPh) were treated with Ln(CH2SiMe3)3(THF)2 to give dialkyl complexes L1Ln (CH2SiMe3)2 (Ln = Y (1a), Lu (1b), Sc (1c)), L2Ln(CH2SiMe3)2(THF) (Ln = Y (2a), Lu (2b)), and L3Lu(CH2SiMe3)2(THF) (3). All these complexes were applied to the copolymerization of cyclohexene oxide (CHO) and carbon dioxide as single‐component catalysts. Systematic investigation revealed that the central metal with larger radii and less steric bulkiness were beneficial for the copolymerization of CHO and CO2. Thus, methoxy‐modified β‐diiminato yttrium bis(alkyl) complex 1a, L1Y(CH2SiMe3)2, was identified as the optimal catalyst, which converted CHO and CO2 to polycarbonate with a TOF of 47.4 h−1 in 1,4‐dioxane under a 15 bar of CO2 atmosphere (Tp=130 °C), representing the highest catalytic activity achieved by rare‐earth metal catalyst. The resultant copolymer contained high carbonate linkages (>99%) with molar mass up to 1.9 × 104 as well as narrow molar mass distribution (Mw/Mn = 1.7). © 2008 Wiley Periodicals, Inc. J Polym Sci Part A: Polym Chem 46: 6810–6818, 2008