The invention discloses environment-friendly emulsion paint and preparation. The emulsion paint consists of water, a dispersant, a wetting agent, a defoamer, propylene glycol, titanium dioxide, nano titanium dioxide, calcium carbonate, nano tourmaline powder, a self-emulsified emulsion, rosemary essential oil, a VAE (Vinyl Acetate-ethylene Emulsion) emulsion, a preservative, a thickener and AMP-95 (2-amino-2-methyl-1-propanol). The paint has the advantages of being good in environmental performance, and effectively reducing VOC (Volatile Organic Compounds), having a health-care function, fragrance for keeping a cool head and functions of strengthening, sweating, invigorating stomach, soothing the nerves and treating headache, and expanding blood capillaries, promoting blood circulation, improving the immunity of human body and accelerating absorption of essential oil by human body by released far infrared heat effect, having an antibacterial function and high weather resistance of a film, improving the fullness and the flexibility of the film, and also improving the durability, chemical resistance and adhesive force of the film.