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 and output. The dam, located on a river that flows into India and Bangladesh, has raised serious concerns about water security, environmental impact, and the displacement of local communities downstream. India and Bangladesh fear the project could allow China to control or divert water flows, affecting millions of people and regional stability. While China touts the dam as a green energy milestone and a boost for its economy and hydropower sector, critics highlight the lack of transparency, consultation, and potential irreversible harm to the ecosystem. The project has also triggered a surge in related stocks and is seen as a major move in China's renewable energy ambitions.
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