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.
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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