SF, the most widely used electrical-equipment-insulation gas, has serious greenhouse effects. CFO has attracted much attention as an alternative gas in recent two years, but the environmental impact of its decomposition products is unclear. In this work, the decomposition characteristics of CFO were studied based on gas chromatography-mass spectrometry and density functional theory. We found that the amount of decomposition products of CFO, namely, CF, CF, CF, CF, CF, and CF, increased with increased number of discharges. Under a high-energy electric field, the C-C bond of CFO between carbonyl carbon and α-carbon atoms was most likely to break and generate CFCO•, CF• or CFCO•, CF• free radicals. CF•, and CF• free radicals produced by the breakage more easily recombined to form small molecular products. By analyzing the ionization parameters, toxicity, and environmental effects of CFO and its decomposition products, we found that CFO gas mixtures exhibit great decomposition and environmental characteristics with low toxicity, with great potential to replace SF.