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's location on a river that flows into India and Bangladesh has raised significant concerns about water security, environmental impact, and the potential displacement of local communities. While China claims to have consulted with downstream neighbors, India and Bangladesh remain wary of possible water diversion and ecological disruption. The project is also being touted as a major step in China's push for renewable energy and green finance, but critics question its human rights and environmental due diligence.
The dam's construction has already influenced regional markets and is expected to reshape both the energy landscape and geopolitical dynamics in Asia.
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