Iridium (Ir) demonstrates exceptional properties in CO2 hydrogenation reactions, yet the reaction mechanism remains unclear. Utilizing Density Functional Theory (DFT) calculations, the reaction mechanism on the Ir/Ni (111) surface has been investigated. Mulliken charge analysis indicates that CO2 is securely adsorbed and activated on the Ir/Ni (111) surface, forming CO2*, which is crucial for the subsequent hydrogenation process. By evaluating both the reaction energy barrier and the heat of reaction, the optimal methanation pathway CO2*→ COOH*→ CO*→ HCO*→ HCOH*→ CH*→ CH2*→ CH3*→ CH4* has been identified. The step of hydrogenation leading to HCO* is recognized as the rate-determining step in methanation, displaying the highest reaction activation energy. Furthermore, a greater energy barrier for C* formation proves advantageous in enhancing anti-carbon deposition properties and prolonging catalyst lifespan. Concurrently, the capability for C* hydrogenation sees dynamic and thermodynamic improvements, potentially augmenting the catalyst's methanation performance.