Prime Minister Scott Morrison has announced $203 million to protect waterways and threatened species.

“What matters is the quality of the environment you live in, and doing the practical things that are necessary,” Mr Morrison told reporters.

The PM’s pledge includes $100 million in new funding for the Australian Recycling Investment Fund through the Clean Energy Finance Corporation.

The fund will help manufacturers of lower-emission and energy-efficient recycled products.

Another $20 million will go towards accelerating work on new industry-led recycling schemes, including for batteries, electrical products, photovoltaic systems and plastic oil containers.

Additionally, Mr Morrison said he would put aside $10 million to establish feral predator-free zones to create safe havens for threatened native species.