China has begun construction on what will be the world's largest hydropower dam on the Yarlung Zangbo 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 help meet climate goals, but it has raised serious concerns in downstream countries, especially India and Bangladesh, over potential impacts on water flow, agriculture, and local communities. Environmentalists and human rights advocates warn of risks to biodiversity, forced relocations, and lack of adequate consultation with affected populations. China claims it has consulted with neighbors and that the project is within its sovereign rights, but skepticism remains high.
The dam is also expected to drive up demand for construction materials and boost related stocks, while intensifying geopolitical tensions in the region.
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