China has begun construction on the world’s largest hydropower dam on the Yarlung Tsangpo River in Tibet, a $167 billion project that will dwarf the Three Gorges Dam in both size and output. The dam is expected to generate three times more electricity than the Three Gorges, boosting China’s renewable energy capacity and green finance ambitions. However, the project has triggered alarm in downstream countries India and Bangladesh, who fear it could threaten their water security and disrupt the Brahmaputra River’s flow. Environmentalists and human rights advocates have also raised concerns about the dam’s impact on local ecosystems, climate, and communities in Tibet. Despite these worries, Chinese markets and hydropower-related stocks have surged on news of the project, reflecting optimism about its economic benefits.
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