Transparent paper with excellent optical transmittance and mechanical stability shows potential for use in diverse applications as a substrate. Here, we reported a novel alkyd resin-impregnated cellulose transparent (ARICT) paper that exhibited good flexibility, adequate biodegradability, easy scale-up, and tailorable wettability. As the concentration of alkyd resin increased (5−15 wt %), the optical transmission of the cellulose paper increased from 70.7% to 93.5% at 550 nm, and its water contact angle increased from 9°to 91°. Furthermore, impregnating the cellulose paper with alkyd resin increased the surface smoothness, thermal stability, and toughness of the paper. After poly(3,4-ethylenedioxythiophene)/poly-(styrenesulfonate) (PEDOT:PSS) was coated on one side of the ARICT paper, a flexible single-sided conductive paper with high conductivity was obtained, while the other side retained high insulativity, suggesting that the ARICT paper was a promising substrate for the fabrication of a flexible electrode. Finally, the eco-friendly biodegradability was verified by subjecting the ARICT paper to fungal degradation over time. This study developed a new method for the fabrication of flexible and biodegradable substrates, enabling the development of disposable electronics.