The transformation of ethanol into high‐value‐added products has attracted considerable attention. Diethyl carbonate (DEC) is an important organic carbonate, and widely used as lithium battery electrolyte, fuel additive. et al. In this study, DEC is synthesized by oxidative carbonylation of ethanol using metal halide‐Ionic liquids (ILs) as the catalyst. And it is found that CuCl2‐[BMIm]BF4 shows higher catalytic performance which is attributed to the synergistic effect of the Brønsted and Lewis acid sites. Under the optimized conditions of nIL/nCuCl2=1.5:1, T=120 °C, P=4.0 MPa, PCO/PO2=9:1, and reaction time 2 h, the conversion of ethanol and selectivity of DEC were 38.8% and 99.7% respectively, which is the highest reported for the synthesis of DEC by oxidative carbonylation under similar reaction conditions. Moreover, the CuCl2‐[BMIm]BF4 catalyst has the advantages of good stability and reusability which was reused seven times without obviously decrease in the catalytic activity. Besides, the corrosion rate and inhibition efficiencies on stainless steel are 0.004 mm/a and 92% with CuCl2‐[BMIm]BF4 catalyst.