Finance & Economics

E-commerce giant invests $10 million in recycling

Amazon’s support will provide 3 million households across the U.S. with curbside recycling

Amazon invests $10 million in recycling. Source: shutterstock.com

Amazon announced that it will invest $10 million in Closed Loop Fund to support recycling infrastructure in the U.S. The investment will increase the availability of curbside recycling for 3 million homes across the country, making it easier for customers to recycle and further develop end markets for recycled commodities.

The investment will divert 1 million tons of recyclable material from a landfill into the recycling stream and eliminate the equivalent of 2 million metric tons of CO2 by 2028—equivalent to shutting down a coal-fired power plant for six months.

This investment will help build the local capabilities needed to make it easier for our customers and their communities to recycle and to increase the amount of material recycled across the country. We are investing in Closed Loop Fundu2019s work because we think everyone should have access to easy, convenient curbside recycling. The more we are all able to recycle, the more we can reduce our collective energy, carbon, and water footprint
Dave Clark, Amazonu2019s Senior Vice President of Worldwide Operations

Closed Loop Fund invests in sustainable consumer goods, advanced recycling technologies, and the development of the circular economy. It aims over the next 10 years to eliminate more than 16 million tons of greenhouse gas, divert more than 8 million cumulative tons of waste from landfills, improve recycling for more than 18 million households, and save nearly $60 million for American cities.

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