The invention discloses high-air-permeability environment-friendly regenerated fiber. The high-air-permeability environment-friendly regenerated fiber comprises a core layer, an outer coating, an airpermeable layer and an elastic layer; and the outer side of the core layer is provided with the elastic layer, the elastic layer wraps the core layer, the outer side of the elastic layer is provided with the outer coating, the outer coating wraps the elastic layer, one side of the outer coating is provided with the air permeable layer, and the air permeable layer and the outer coating are arrangedin a crossed knitting mode. The preparation method of the high-air-permeability environment-friendly regenerated fiber comprises the steps of raw material preparation, hank knotting for thread forming, and knitting for shaping. On the one hand, the manufacturing technology for regenerated fiber is improved, the elasticity of the regenerated fiber material is improved, the regenerated fiber material and the air permeable material are knitted together by mixing, improvement of the elasticity and air permeability of the regenerated fiber is improved, and the product quality and practicality arehigh; and on the other hand, a natural fiber regenerated material and a degradable material are adopted, pollution to the environment is small, and the environment safety is effectively ensured.