Amazon invests $10M in Closed Loop Fund to increase recycling rates in U.S.
Amazon announced that it will invest $10M in Closed Loop Fund to support recycling infrastructure in the United States. Amazon's investment will increase the availability of curbside recycling for 3M homes in communities across the country, making it easier for customers to recycle and further develop end markets for recycled commodities. The investment will divert 1M tons of recyclable material from landfill into the recycling stream and eliminate the equivalent of 2M metric tons of CO2 by 2028-equivalent to shutting down a coal-fired power plant for six months. Roughly half of Americans today lack access to convenient, sufficient curbside recycling at their homes. Closed Loop Fund finances the building of advanced recycling infrastructure and services, bringing this invaluable service to the community while saving taxpayers and municipalities money.