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 dwarf the Three Gorges Dam in both scale and output. The dam is expected to generate three times more electricity than Three Gorges, boosting China's renewable energy capacity and green finance ambitions. However, the project has triggered alarm in neighboring India and Bangladesh, who fear the dam could threaten water security for millions downstream and disrupt fragile ecosystems. Environmentalists and human rights advocates have also raised concerns about the lack of transparency, consultation, and potential displacement of local communities. Despite these controversies, Chinese markets and construction-related stocks have surged in response to the project's economic promise.
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