China has begun construction on what is set to 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 and output.
The dam, located on a river that flows into India and Bangladesh, has triggered significant concerns over water security, environmental impact, and the displacement of local communities. India and Bangladesh fear the project could affect water flow and availability downstream, potentially impacting millions of people. While China touts the dam as a green energy milestone and a boost for its economy and clean energy goals, critics highlight the lack of transparency, consultation, and potential for regional geopolitical tensions.
The project has also led to surges in hydropower and materials stocks, reflecting its massive economic footprint.
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