Membrane‐based carbon dioxide (CO2) capture and separation technologies have aroused great interest in industry and academia due to their great potential to combat current global warming, reduce energy consumption in chemical separation of raw materials, and achieve carbon neutrality. The emerging covalent organic frameworks (COFs) composed of organic linkers via reversible covalent bonds are a class of porous crystalline polymers with regular and extended structures. The inherent structure and customizable organic linkers give COFs high and permanent porosity, short transport channel, tunable functionality, and excellent stability, thereby enabling them rising‐star alternatives for developing advanced CO2 separation membranes. Therefore, the promising research areas ranging from development of COF membranes to their separation applications have emerged. Herein, this review first introduces the main advantages of COFs as the state‐of‐the‐art membranes in CO2 separation, including tunable pore size, modifiable surfaces property, adjustable surface charge, excellent stability. Then, the preparation approaches of COF‐based membranes are systematically summarized, including in situ growth, layer‐by‐layer stacking, blending, and interface engineering. Subsequently, the key advances of COF‐based membranes in separating various CO2 mixed gases, such as CO2/CH4, CO2/H2, CO2/N2, and CO2/He, are comprehensively discussed. Finally, the current issues and further research expectations in this field are proposed.