"The money," he says, "will go into infrastructure and education and especially into hydropower because fuel right now is one of our greatest expenses".
World Bank energy data show that it costs 20 cents per kilowatt hour compared to 20 cents for hydropower, 25c for fuel oil and 10c for coal.
Worldwide, some $257 billion has been invested in renewable energy sources such as wind, solar, hydropower and bio fuels.
With the increasing scarcity of fossil fuel, developing hydropower becomes one of the most important energy strategies.
The plan espouses the establishment of ocean energy, geothermal power, hydropower, wind power, hydrogen fuel cell, nuclear energy, biodiesel and bioethanol processing industries.
For every gallon of residential water used in the average U.S. household, five times more is used to provide that home with electricity via hydropower turbines and fossil fuel power plants, roughly 40,000 gallons each month.
Coal accounts for two-thirds of China's energy consumption, although the government is pushing to substitute cleaner fuels and hydropower.
In 2015, the added wind and solar power capacity for the first time outpaced all other sources of electricity - including fossil fuels and hydropower - combined.
In fact, large-scale use of hydropower as well flex-fuel cars that run on sugarcane-based ethanol have for decades helped Brazil fight global warming.
In fact, it's likely that 2012 could be the year when investment in renewable energy (not counting hydropower) will surpass fossil fuels, signaling a profound shift toward a global clean energy economy.
