The invention relates to a novel aqueous light-cured alicyclic epoxy acrylic acid emulsion and a preparation method thereof. The method comprises the following steps: adding an emulsifier and a regulator in a reactor, preheating to 50 DEG C, then adding epoxy resin, cross-linking monomers, polymerization degree regulator and acrylic acid monomers, preserving the heat of reflux for 0.5h; heating partial solution and an initiator to 80 DEG C, when glowing blue, adding dropwisely the rest solution in 2.5 h, and refilling the initiator, preserving the heat of reflux for 1h, cooling to room temperature after the reaction, and then adding a photoinitiator. The invention provides a light-cured alicyclic epoxy acrylic acid emulsion with stability and good water-solubility, overcomes the defects of bad weatherability and bad resistance to heat and humidity of existing bisphenol-A epoxy resin, and simultaneously prevents the environment from being polluted by traditional solvent-based coating. The emulsion can be used for preparing outdoor coatings, light-cured printing ink, craft paints and the like, has the advantages of excellent performance, simple technology, and low cost, and is an environment friendly material with a wide market prospect.