New law aimed at boosting and expanding hydropower production in the US has been cleared by the Federal Government.
The Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act was signed into law by President Barack Obama following unanimous support from the Senate earlier this year.
It is expected to encourage investments in domestic energy production by cutting down environmental analysis and regulatory costs associated with hydropower development and help create jobs.
Reports claim the Congressional Budget Office (CBO) estimates to generate federal revenues of nearly $5 million (£3.2m) by 2021 with the new law.
The news follows the President’s proposals earlier this year to cut greenhouse gas emissions in the country.
US Senator of Wyoming John Barrasso, who initially proposed the law said: “Our bill to remove barriers to hydropower development, create rural jobs and lower electricity prices for American families is now officially signed into law. By cutting unnecessary Washington red tape, this law gives hydropower developers the certainty they need to move forward with new projects on over 40,000 miles of federal canals throughout the West.”
A report by the International Energy Agency (IEA) revealed doubling global hydroelectricity output by 2050 could cut three billion tonnes of carbon emissions per year from fossil fuel plants.