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 Indian border, has raised serious concerns in downstream countries India and Bangladesh over water security, environmental impact, and regional stability. Critics warn of potential disruptions to river flow, ecological damage, and a lack of transparency or consultation with affected communities. While China touts the project as a major step toward renewable energy and green finance, neighboring nations fear it could be used as a geopolitical tool. The project has also triggered a surge in related stocks and renewed debate over the balance between development and environmental responsibility.
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