Labor has accused the Morrison government of being "all talk and no action" on recycling after failing to create a $100 million fund it had promised before the May election.

Prime Minister Scott Morrison announced the Australian Recycling Investment Fund, to be run by the Clean Energy Finance Corporation, as the centrepiece of a national waste plan.

Scott Morrison tours the Sunset Park Materials Recovery Facility in New York in September to discuss recycling. Credit:Alex Ellinghausen

Mr Morrison said in a statement on May 3: “We have the best beaches, parks and rivers in the world and these measures support practical and meaningful activities that protect our environment and gets results.''

However, seven months on, the CEFC has revealed in a response to questions posed by Labor in Senate estimates that "no projects have been financed to date under this Fund, as it does not yet exist".