The programme will help to tackle climate change by reducing the amount of London's waste being buried in landfill and burnt in incinerators.

To take forward this programme, the Mayor will, this summer, appoint a panel of waste, energy and financial experts to deliver innovative, efficient waste and recycling facilities appropriate for London including those which use waste to create renewable energy and increase the capital's recycling reprocessing capacity, whilst reducing reliance on landfill, boosting the local economy and reducing the transport impacts of waste.

Companies could be invited before the panel to bid for funding in a 'Dragon's Den' style. The Mayor will also work with relevant organisations, including the C40 Climate Leadership Group, the Clinton Climate Initiative, and the London Climate Change Agency to develop sustainable approaches for the business waste sector.