Oxygen reduction reaction is considered a green and low-carbon approach for H2O2 production. Low space-time yield and high energy consumption are serious challenges to the implementation of a commercial scale now. A cost-efficient H2O2 electrosynthesis using a recycled gold catalyst is developed here. The carbon-supported gold catalyst is synthesized using electroplating gold wastewater, which indicates good catalysis performances for both sulfite oxidation and H2O2 production. The sulfite/air fuel cell adopting the bifunctional gold catalyst can directly produce 8.70±0.53 g L−1 H2O2 in 0.5 mol L−1 Na2SO4 solution, with a good current efficiency of 71.56 %±2.13 % and a remarkable space-time yield of 27.20±1.17 mg cm−2 h−1. Adopting the desulfurization solution from flue gas as the anodic sacrificial agent, the electricity costs for acidic and neutral H2O2 electrosynthesis are only 2.09–3.82 kWh kg−1. The reported H2O2 electrosynthesis performances, especially for power consumption, are also summarized and compared.