Electrocatalytic CO 2 reduction reaction (CO 2 RR) to high value-added products, such as ethylene (C 2 H 4 ), offers a promising approach to achieve carbon neutrality. Although recent studies have reported that a tandem catalyst (for example, Cu−Ag systems) exhibits advantage in C 2 H 4 production, its practical application is largely inhibited by the following: ( 1) a traditional tandem catalyst cannot effectively stabilize the *CO intermediate, resulting in sluggish C−C coupling, and (2) inadequate H 2 O activation ability hinders the hydrogenation of intermediates. To break through the above bottleneck, herein, palladium (Pd) was introduced into Cu 2 O−Ag, a typical conventional tandem catalyst, to construct a Cu 2 O−Pd−Ag ternary catalyst. Extensive experiment and density functional theory calculation prove that Pd can efficiently stabilize the *CO intermediate and promote the H 2 O activation, which contributes to the C−C coupling and intermediate hydrogenation, the key steps in the conversion of CO 2 to C 2 H 4 . Beneficial to the efficient synergy of Cu 2 O, Pd, and Ag, the optimal Cu 2 O−Pd−Ag ternary catalyst achieves CO 2 RR toward C 2 H 4 with a faradaic efficiency of 63.2% at −1.2 V RHE , which is higher than that achieved by Cu 2 O−Ag and most of other reported catalysts. This work is a fruitful exploration of a rare ternary catalyst, providing a new route for constructing an efficient CO 2 RR electrocatalyst.