The copolymerization of carbon dioxide with epoxides is an industrially relevant means to valorize wastes and improve sustainability in polymer manufacturing, and may also provide an economic benefit to CO2 capture and storage technologies. The efficiency of the process depends upon the catalyst used; previously Zn(II)Mg(II) heterodinuclear catalysts showed good performances at low CO2 pressures, which has been attributed to synergic interactions between the metals. Here we report a Mg(II)Co(II) catalyst for the production of polyols by copolymerization of CO2 with cyclohexene oxide that exhibits significantly better activity (turn-over-frequency over 12,000 h-1), high CO2 utilization (over 99 %) and high polymer selectivity (over 99 %). Detailed kinetic investigations show a second-order rate law, independent of CO2 pressure from 1 to 40 bar. Investigations of the synergy between the metal centres showed that epoxide coordination occurs at Mg(II) with reduced transition state entropy, which the carbonate attack step is accelerated at Co(II) through lowering of the transition state enthalpy. functionalization of alternating polyesters: selective patterning of (AB)n sequences.