A detailed overview for homogeneously catalyzed strategies and synthesis pathways using a combination of CO2, CO, and H2 as active building blocks to selectively obtain C1–C4 alcohols is presented. Conceptual strategies applying homologation, carbonylation, hydrocarboxylation, and hydrogenation reactions will be discussed, finally combining the individual reaction approaches towards potential new pathways to the envisaged alcohol products. Also, tailored reactor concepts with adapted recycling/separation methods for the molecular catalyst systems will be shown and discussed.