The online giant Amazon has been making a few moves lately towards green energy and recycling. This might seem like a remedy to so many controversies about the future. However, keep reading further to find out. Amazon announced two new initiatives this week that are aimed at reducing its environmental impact.
The two new green initiatives in the US and the UK are aimed at reducing waste and its carbon footprint. In the US, the company shared plans to invest $10 million in Closed Loop Fund, which supports recycling infrastructure throughout the country. This is an effort to pool corporate resources to help the US improve its municipal recycling programs.
The Closed Loop Fund is a “social impact investment fund that provides cities access to capital required to build comprehensive recycling programs”. Its goal is to invest $100 million by 2020 to increase recycling rates in communities and build circular supply chains. This plan will initially be in action across America.
Amazon claims that almost half of all Americans do not have access to curbside recycling pickup. That means tons and tons of cardboard and other reusable materials get thrown in the trash. The company’s largest retail sector is in North America. It ships a massive amount of cardboard across the country every day. With the Closed Loop Fund, Amazon wants to contribute to the financing of recycling infrastructures for cities.
Half of all Americans do not have access to curbside recycling pickup, the company said in a press release. Unfortunately, this results in tons of cardboard, also other reusable materials thrown in the trash inevitably fill up landfills.
Dave Clark, Amazon’s senior vice president of Worldwide Operations said, “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”.
Solar Power and Carbon Footprint
However, the second move of Amazon is installing 20 megawatts worth of solar panels. Firstly, it will take 18 months to install the system on rooftops. Secondly, the company says it will generate the equivalent of 4,500 UK homes in electricity from solar energy. Finally, this will reduce its carbon footprint by 6,000 metric tons of CO2 per year. Additionally, the company has committed to powering its UK buildings with 100 percent renewable energy. However, no one knows as to when this will happen. Also, there is no word of installing battery systems in its fulfillment centers to help manage energy demand during peak times.