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 dwarf the Three Gorges Dam in both size 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 it could threaten water security and disrupt the flow of the Brahmaputra River, which millions rely on downstream. Environmentalists and human rights advocates have also raised concerns about the lack of transparency, consultation, and potential ecological impacts.
Despite these controversies, Chinese markets and hydropower-related stocks have surged in response to the project's economic promise.
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