The document discusses Venezuela's initiatives and commitments to renewable energy development despite its vast oil reserves. It notes that Venezuela has invested in hydropower for decades, with hydroelectricity now accounting for over 70% of its energy. More recently, Venezuela has partnered with other nations like Portugal to develop wind and solar projects. It aims to source 20,000 MW from wind by 2020 and decrease its dependence on non-renewable sources over time. The document argues that if other nations follow Venezuela's lead in renewable energy, it could help address issues like climate change and energy access.