CO(2)-switchable gold nanoparticles (AuNPs) were prepared by functionalizing AuNPs with CO(2)-switchable polymers. Their dispersion-re-dispersion in and separation from aqueous solution can be easily and reproducibly adjusted by CO(2) bubbling through and removal from the solution, enabling unique CO(2) controllable, efficient in situ recycling of NPs. As compared to non-functionalized AuNPs, they exhibit higher catalytic activity (except for the 1st round), easier separation and better reusability for 4-nitrophenol reduction.