China has begun construction on what will be the world's largest hydropower dam on the Yarlung Tsangpo River in Tibet, a $167 billion project that could surpass the Three Gorges Dam in scale.
The dam is intended to boost China's renewable energy capacity and support its climate goals, but it has raised serious concerns among downstream countries, especially India and Bangladesh, about potential impacts on water flow, agriculture, and local communities. Environmentalists and human rights advocates have also criticized the project for its potential to disrupt biodiversity and displace local populations. Despite assurances from China that it has consulted with neighbors and will not harm downstream interests, skepticism remains high.
The project has also triggered a surge in related stocks and is seen as a major economic and geopolitical move by Beijing.
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