Southwark councilís £3 billion regeneration of Elephant & Castle, which is being delivered by Lend Lease, has been awarded a £200,000 grant from the Mayorís Air Quality Fund.
The fund, which was established in February last year, provides match-funding for boroughs and partners that produce innovative new schemes and projects designed to improve local air quality.
The Greater London Authority’s funding will be matched by contributions from Lend Lease and Southwark council.
Lend Lease’s project director, Pascal Mittermaier, said:
"We are rapidly transforming Elephant & Castle into one of the most sustainable urban regeneration areas in the world.
"A strong overall focus on ecology, nature and sustainable urban design includes the largest new park in Zone One London in 70 years and the planting of 1,200 new trees.
"When combined with green travel infrastructure, we believe this will greatly help to improve the local air quality.
"This funding from the GLA will greatly assist us in our ongoing efforts to find new ways to reduce the environmental impact of our project."
Councillor Barrie Hargrove, cabinet member for transport, the environment and recycling at Southwark council said:
"This highlights our commitment to making the regeneration of Elephant and Castle one of the most environmentally sound projects in the world.
"We want to embrace what modern regeneration should mean; a programme of change to improve every aspect of life for people living in and around the area and for those who want to make Elephant their home in future years.
"The funding, which adds to what we have already invested, will help us ensure that Walworth will be a greener and more pleasant place to live in the near future."
Earlier this year the Elephant & Castle regeneration became one of only four projects worldwide to have a firm plan in place to reach climate positive by 2020 – an achievement which was recognized by the C40 Cities Climate Leadership Group, in partnership with the Clinton Climate Initiative.
"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.