The invention provides an environment-friendly micro-electrolysis ceramsite and a preparation method thereof. The environment-friendly micro-electrolysis ceramsite is prepared from the following raw materials in percentage by mass: 30 to 40% of nanometer zero-valent iron, 20 to 30% of activated carbon, 20 to 30% of river and lake sludge, 5 to 10% of dispersant, 5 to 10% of adhesive, 5 to 10% of perforating agent, 5 to 10% of catalyst, and 0.1 to 0.5% of graphene. The environment-friendly micro-electrolysis ceramsite has the advantages that by utilizing the river and lake sludge to prepare theenvironment-friendly micro-electrolysis ceramsite, the resources of the river and lake sludge can be utilized; the specific surface area is large, the adsorption property is good, the mechanical strength is high, the service life is long, the physical and chemical properties are stable, the easiness in passivating and caking is avoided, the activating and reutilization effects are realized, and the like; the electrochemistry, oxidized reduction, physical adsorption and flocculent precipitation methods can be integrated, and the biodegradability of the wastewater is improved while the wastewater is treated.