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 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 triggered alarm in neighboring India and Bangladesh, who fear it could disrupt water flow and impact millions downstream. Environmentalists and human rights advocates have also raised concerns about biodiversity loss, forced relocations, and the lack of transparent consultation with affected communities. While China asserts the project is within its sovereign rights and promises benefits like clean energy and local development, critics warn of potential water conflicts and ecological damage. The project has also spurred a surge in related stocks and is seen as a major move in China's green finance and infrastructure ambitions.
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