The invention discloses a novel inorganic environment-friendly flame retardant for flame-retardant paper, and particularly relates to the field of inorganic flame retardants, which is prepared from the following raw materials in parts by weight: 19 to 25 parts of ammonium polyphosphate, 0.8 to 1.5 parts of magnesium hydroxide, 0.6 to 0.9 part of magnesium oxide, 3.75 to 5.75 parts of B-type flame retardant and 0.8 to 1.3 parts of guanidine phosphate. The B-type flame retardant is any one of a polypropylene flame retardant, an inorganic flame retardant and a brominated flame retardant. According to the invention, magnesium hydroxide, magnesium oxide and a phosphorus-containing compound are used as main flame retardants, and bound water released when magnesium hydroxide is heated and decomposed is mixed into air, so that the concentration of combustible gas in the air is changed, and related supplementation is provided for the inorganic flame retardant market; the flame-retardant paper has the characteristics of high flame-retardant efficiency, no halogen, environment friendliness, low smoke, low toxicity and the like, has the capability of greatly improving the insulating strength of the flame-retardant paper by adding the components of ammonium polyphosphate, magnesium oxide and guanidine phosphate, has higher production value, use value and application prospect, and reduces the cost of the flame retardant.