The invention discloses environment-friendly glass fibres. The environment-friendly glass fibres are prepared from the sludge in the Qiantang river drainage basin, aluminium oxide, calcium oxide, magnesium oxide, titanium dioxide, tungsten trioxide, yttrium oxide, cerium dioxide and lithium oxide in percentage by weight. A preparation method of the environment-friendly glass fibres comprises the following steps: drying, crushing and screening the sludge in the Qiantang river drainage basin first; then, mixing the sludge in the Qiantang river drainage basin and other components, and then, melting and preparing the mixture into vitreous humour at the temperature of 1,400 to 1,500 DEG C; finally, cooling the vitreous humour to 1,250 to 1,350 DEG C and drawing. According to the environment-friendly glass fibres, the sludge which is deposited or filtered in a tap water purifying process of a water supply plant in the Qiantang river drainage basin is taken as a main raw material, so that the pollution to the environment caused by chemical raw materials is reduced; meanwhile, the environment-friendly glass fibres can also help the water supply plant to treat deposited substance or filtered substance; high performance of the glass fibres is ensured, and meanwhile, the cost is reduced to the greatest extent; in addition, the used raw materials do not contain the compounds of boron and fluorine; the environment is not influenced by embedding the raw materials after the raw materials are wasted; the environment-friendly glass fibres have good industrial application value.