The electrochemical CO2 reduction reaction (CO2RR) is a promising approach to achieving sustainable electrical‐to‐chemical energy conversion and storage while decarbonizing the emission‐heavy industry. The carbon‐supported, nitrogen‐coordinated, and atomically dispersed metal sites are effective catalysts for CO generation due to their high activity, selectivity, and earth abundance. Here, we discuss progress, challenges, and opportunities for designing and engineering atomic metal catalysts from single to dual metal sites. Engineering single metal sites using a nitrogen‐doped carbon model was highlighted to exclusively study the effect of carbon particle sizes, metal contents, and M‐N bond structures in the form of MN4 moieties on catalytic activity and selectivity. The structure‐property correlation was analyzed by combining experimental results with theoretical calculations to uncover the CO2 to CO conversion mechanisms. Furthermore, dual‐metal site catalysts, inheriting the merits of single‐metal sites, have emerged as a new frontier due to their potentially enhanced catalytic properties. Designing optimal dual metal site catalysts could offer additional sites to alter the surface adsorption to CO2 and various intermediates, thus breaking the scaling relationship limitation and activity‐stability trade‐off. The CO2RR electrolysis in flow reactors was discussed to provide insights into the electrolyzer design with improved CO2 utilization, reaction kinetics, and mass transport.