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 aimed at boosting renewable energy and economic growth.
The dam, which could surpass the Three Gorges Dam in scale, is positioned on a river that flows into India and Bangladesh, raising serious concerns about water security, ecological impacts, and the displacement of local communities downstream. While China asserts the project is within its sovereign rights and promises benefits like clean energy and climate action, neighboring countries and environmental groups worry about potential water diversion, biodiversity loss, and lack of transparency or consultation. The project has also triggered a surge in related stocks and is seen as a major step in China’s green finance ambitions.
Despite reassurances from Chinese officials, India and Bangladesh remain wary of the dam’s long-term consequences for millions of people who depend on the river.
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