This study successfully demonstrated the hydrogenolysis of benzylic alcohols and their derivatives over a Pd/C catalyst by using CO2-expanded methanol (CX-methanol) and compressed CO2/water as two green reaction media. It was found that with the addition of low-pressure CO2 (1 MPa), the reaction conversions of benzylic alcohols and their derivatives could all be increased in the CO2 promoted systems. For example, the conversion of 1-phenylethanol could be elevated from 23% to 63% in CX-methanol and the conversion of benzyl alcohol could be elevated from 75% to 92% in compressed CO2/water. The positive effects of CO2 could be attributed to the decrease of mass transfer resistance and the increase of hydrogen solubility. CO2 could also form methylcarbonic acid and carbonic acid in methanol and water, respectively. Therefore, it could enhance the departing ability of the protonated hydroxyl leaving groups by providing a more acidic environment. In addition, the hydrogenolysis (or deoxygenation) of aromatic aldehyde and ketone by using compressed CO2/water as the solvent were also studied in this work. The results suggested that both CX-methanol and compressed CO2/water could be used as two efficient solvents for the hydrogenolysis reactions.