China has begun construction on what is set to become the world's largest hydropower dam on the Yarlung Tsangpo (Brahmaputra) River in Tibet, with a staggering $167 billion investment.
The project promises a massive boost to clean energy and economic stimulus, potentially surpassing the Three Gorges Dam in scale and output. However, the dam has triggered alarm in downstream countries, especially India and Bangladesh, over water security, environmental impact, and regional stability. Critics also highlight concerns about lack of transparency, human rights, and the potential for the dam to be used as a geopolitical tool.
Despite these worries, Chinese markets and hydropower-related stocks have surged in response to the project's launch.
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