Carbon dioxide (CO 2 ) as a direct material was copolymerized with epoxides to synthesize new aliphatic polycarbonates, and the copolymerization was catalyzed by the coordinate catalyst composed of rare earth yttrium phosphonate and triisobutylaluminum [Y(P 204 ) 3 -A1(i-Bu) 3 ]. The epoxides used in this research included epichlorohydrin (ECH) and some new glycidol ether (GE) monomers prepared by the reaction of ECH and phenol or alcohol, such as ␣-allyl glycidol ether, -chloroethyl glycidol ether, benzene glycidol ether, m-tolyl glycidol ether, and benzyl glycidol ether. The copolymers were characterized by infrared (IR), 1 H nuclear magnetic resonance (-NMR), and dynamic mechanical analysis. The results show that Y(P 204 ) 3 -A1(i-Bu) 3 had better catalytic activity in the copolymerization of CO 2 with epoxide, and the copolymerization rate of aryl GE was distinctly higher than that of aliphatic GE. Dynamic mechanical analysis indicated the glass transition temperature T g of the copolymers GE-CO 2 were lower than that of ECH-CO 2 .