Inverse ZnO/Cu catalysts are key systems in the conversion of CO 2 , a common atmospheric pollutant, into methanol, a high-value chemical and fuel. The chemistry of methanol and methoxy groups over inverse ZnO/Cu 2 O/Cu(111) catalysts was investigated employing ambient pressure X-ray photoelectron spectroscopy (AP-XPS), scanning tunneling microscopy (STM), and calculations based on density functional theory (DFT). The results of AP-XPS show that the adsorption of methanol on the binary oxide substrate at 300 K leads to formation of *CH 3 O and *HCOO species with a minor amount of *CH x . Most of the methoxy groups disappeared from the surface after heating to 450 K, the onset temperature for the formation of methanol during the hydrogenation of CO 2 . The results of AP-XPS, STM, and DFT point to preferential adsorption of methoxy on the ZnO regions of the binary oxide. On the supported ZnO or on a ZnO−Cu 2 O interface, the breaking of the O−H bond in methanol is an exothermic process with a negligible (1−2 kcal/mol) or non-existent energy barrier depending on the size and shape of the ZnO islands. STM shows large changes in the morphology of ZnO/Cu 2 O/Cu(111) surfaces upon reaction with methanol. The produced *CH 3 O, *HCOO, and *CH x species are localized in groups of active sites that have a dynamic nature and their structure changes during the adsorption/desorption processes.