A direct hydride transfer mechanism with three cascade cycles for the conversion of carbon dioxide and dihydrogen to methanol (CO2 + 3H(2) -> CH3OH + H2O) catalyzed by a half-sandwich cobalt complex [Cp*Co(bpy-Me)OH2](2+) (1) is proposed based on density functional theory calculations. The formation of methanediol via hydride transfer from Co to formic acid (4 -> TS8,11) is the rate-determining step with a total barrier of 26.0 kcal/mol in free energy. Furthermore, 15 analogues of 1 are constructed by replacing the hydrogen atoms at the two meta and para positions of the bipyridine ligand with different functional groups (1b-1l), the carbon atoms in the bipyridine ligand with nitrogen atoms (1m-1o), and pyridine ligand with N-heterocyclic carbene (1p). Among all newly proposed complexes, [Cp*Co(2,2'-bipyrazine)OH2](2+) (1n) is the most active one with a total barrier of 19.6 kcal/mol in free energy. Such a low barrier indicates in is a promising catalyst for efficient conversion of CO2 and H-2 to methanol at room temperature.