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 set to surpass the Three Gorges Dam in scale and output. The dam, located near the border with India, has raised serious concerns in India and Bangladesh about potential impacts on water flow, agriculture, and the environment downstream. Critics also highlight the lack of transparency, consultation, and compensation for affected communities, as well as possible human rights and ecological risks. While China touts the project as a major step toward renewable energy and green finance, neighboring countries fear it could be used as a strategic tool or 'water weapon.' The dam’s construction has also triggered market surges in hydropower and construction stocks, reflecting its massive economic footprint.
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