1 00:00:02,720 --> 00:00:07,200 Speaker 1: Bloomberg Audio studios, podcasts, radio news. 2 00:00:08,400 --> 00:00:13,320 Speaker 2: Earlier this month, China officially started construction on a massive 3 00:00:13,520 --> 00:00:22,040 Speaker 2: hydropower dam in tibetan Yaoum. The dam, when completed, will 4 00:00:22,079 --> 00:00:25,119 Speaker 2: be the biggest power plant on the planet. 5 00:00:26,000 --> 00:00:28,200 Speaker 1: It's three times bigger than the largest power plant in 6 00:00:28,240 --> 00:00:30,600 Speaker 1: the world right now. It's more than all of the 7 00:00:30,640 --> 00:00:32,760 Speaker 1: power plants in Poland combined. 8 00:00:33,120 --> 00:00:37,440 Speaker 2: Dan Mortor covers the energy industry for Bloomberg from Beijing. 9 00:00:37,880 --> 00:00:40,320 Speaker 1: The amount of cement their estimating their need it would 10 00:00:40,320 --> 00:00:42,600 Speaker 1: be enough to fill more than fifty Hoover dams, and 11 00:00:42,680 --> 00:00:44,400 Speaker 1: the amount of steel. It would be enough to build 12 00:00:44,400 --> 00:00:46,599 Speaker 1: one hundred and sixteen Empire state buildings. 13 00:00:47,120 --> 00:00:51,520 Speaker 2: This mega project comes with a mega price stack one 14 00:00:51,560 --> 00:00:54,640 Speaker 2: hundred and sixty seven billion dollars. 15 00:00:55,280 --> 00:00:59,080 Speaker 1: This would be one of the most expensive undertakings for 16 00:00:59,200 --> 00:01:03,880 Speaker 1: infrastructure in human history, more expensive than the International Space Station. 17 00:01:04,400 --> 00:01:07,640 Speaker 1: You're looking at decades long projects like building the US 18 00:01:07,680 --> 00:01:11,160 Speaker 1: Interstate Highway system before you get to comparable amounts of investment. 19 00:01:11,480 --> 00:01:14,800 Speaker 2: China says the dam will provide a major source of 20 00:01:14,959 --> 00:01:20,360 Speaker 2: clean energy. More importantly, it will boost the country's slowing economy. 21 00:01:21,240 --> 00:01:26,720 Speaker 2: But the project carries huge engineering and environmental risks and 22 00:01:26,880 --> 00:01:31,679 Speaker 2: could strain relations with two of its neighbors, India and Bangladesh. 23 00:01:32,000 --> 00:01:34,920 Speaker 1: The Indian government has been worried about if China was 24 00:01:34,959 --> 00:01:37,319 Speaker 1: able to build a dam, they would then be able 25 00:01:37,319 --> 00:01:40,560 Speaker 1: to use sort of water access as a pain point 26 00:01:40,640 --> 00:01:43,840 Speaker 1: if there was an eventual conflict between the countries. And 27 00:01:44,240 --> 00:01:46,600 Speaker 1: there's going to be all of this human activity in 28 00:01:46,640 --> 00:01:49,800 Speaker 1: a place that's been remote for most of its history. 29 00:01:50,000 --> 00:01:52,440 Speaker 1: You hope for the best, but human history has not 30 00:01:52,520 --> 00:01:54,640 Speaker 1: been very kind to the planet Earth, and you just 31 00:01:54,680 --> 00:01:57,280 Speaker 1: have to wonder if they're going to be able to 32 00:01:57,760 --> 00:02:03,080 Speaker 1: rain in people from not damaging that really area. 33 00:02:03,320 --> 00:02:07,400 Speaker 2: This is the Big Take Asia from Bloomberg News. I'm 34 00:02:07,400 --> 00:02:11,440 Speaker 2: Mini Kadoshi filling in for one half every week. We 35 00:02:11,560 --> 00:02:14,480 Speaker 2: take you inside some of the world's biggest and most 36 00:02:14,560 --> 00:02:19,880 Speaker 2: powerful economies and the markets, tycoons and businesses that drive 37 00:02:20,080 --> 00:02:24,640 Speaker 2: this ever shifting region. Today on the show, China bats 38 00:02:24,680 --> 00:02:28,760 Speaker 2: big on a new mega dam, Why the project is 39 00:02:28,919 --> 00:02:33,120 Speaker 2: raising alarm with its neighbors, and what its construction could 40 00:02:33,160 --> 00:02:43,239 Speaker 2: mean for China's economy and its green energy ambitions. When 41 00:02:43,280 --> 00:02:47,040 Speaker 2: it comes to building hydro dams, China has got plenty 42 00:02:47,080 --> 00:02:51,400 Speaker 2: of experience. It operates two of the world's largest dams. 43 00:02:52,120 --> 00:02:56,000 Speaker 2: That includes the world's biggest hydro dam, Three Gorges, which 44 00:02:56,040 --> 00:02:59,840 Speaker 2: opened in central China in two thousand and nine. This 45 00:03:00,000 --> 00:03:04,400 Speaker 2: this new megadam will be built in Tibet, a mountainous 46 00:03:04,440 --> 00:03:07,240 Speaker 2: region just north of the border with India. 47 00:03:07,720 --> 00:03:11,359 Speaker 1: It's in this bend on the Arlansangwo River that they 48 00:03:11,360 --> 00:03:14,560 Speaker 1: call like the Medor or Moto Gorge. 49 00:03:14,240 --> 00:03:18,440 Speaker 2: And Bloomberg Energy reporter Dan Motor says the dam is 50 00:03:18,440 --> 00:03:22,440 Speaker 2: in an area that till recently was very difficult to 51 00:03:22,520 --> 00:03:22,840 Speaker 2: get to. 52 00:03:23,560 --> 00:03:28,239 Speaker 1: It is a very, very very steep drop. The river 53 00:03:28,360 --> 00:03:31,520 Speaker 1: drops about two thousand meters over a fifty klometer stretch 54 00:03:31,800 --> 00:03:34,400 Speaker 1: as it curves and bends through the mountains of the Himalayas. 55 00:03:34,680 --> 00:03:37,320 Speaker 1: The county that it's at is up until twenty thirteen 56 00:03:37,480 --> 00:03:39,640 Speaker 1: didn't even have a highway that connected it. You'd have 57 00:03:39,720 --> 00:03:42,200 Speaker 1: to walk a day, you know, or take a donkey 58 00:03:42,320 --> 00:03:44,280 Speaker 1: or a horse to get to the river from the 59 00:03:44,320 --> 00:03:45,160 Speaker 1: closest highway. 60 00:03:46,520 --> 00:03:49,960 Speaker 2: Most dams, like the Hoover Dam, block the path of 61 00:03:49,960 --> 00:03:53,800 Speaker 2: a river to create a reservoir. They then release the water, 62 00:03:54,040 --> 00:03:59,880 Speaker 2: which turns turbines and generates electricity. This Yar Lungsangpo Dam 63 00:04:00,320 --> 00:04:00,880 Speaker 2: is different. 64 00:04:01,520 --> 00:04:03,240 Speaker 1: What they're trying to do here is a little bit 65 00:04:03,280 --> 00:04:07,440 Speaker 1: more audacious. The idea is to drill a tunnel through 66 00:04:07,680 --> 00:04:11,560 Speaker 1: the mountains down that steep, steep, steep gradient, and then 67 00:04:11,680 --> 00:04:14,760 Speaker 1: divert some of the water from going around that big 68 00:04:14,800 --> 00:04:19,080 Speaker 1: bend and instead go basically just vertically straight down the mountain. 69 00:04:19,400 --> 00:04:23,120 Speaker 1: That steep gradient that this river moves on really allows 70 00:04:23,240 --> 00:04:26,520 Speaker 1: you to get that water flowing at high enough speeds 71 00:04:26,560 --> 00:04:29,480 Speaker 1: to be able to run the turbines to generate the electricity. 72 00:04:31,040 --> 00:04:35,200 Speaker 2: At the groundbreaking ceremony earlier this month, Chinese Premier Li 73 00:04:35,360 --> 00:04:40,440 Speaker 2: Chiang called the Yar Lungsanko Dam the project of the century. 74 00:04:40,960 --> 00:04:44,760 Speaker 2: State engineers have said it has the potential to generate 75 00:04:45,080 --> 00:04:50,560 Speaker 2: as much as seventy gigawatts of electricity. That's enough to 76 00:04:50,720 --> 00:04:52,240 Speaker 2: power the United Kingdom. 77 00:04:52,640 --> 00:04:54,839 Speaker 1: It's three times bigger than the largest power plant in 78 00:04:54,839 --> 00:04:58,279 Speaker 1: the world right now. It is a national, country level 79 00:04:58,360 --> 00:05:02,880 Speaker 1: type of generating asset, but China's huge. China has about 80 00:05:03,279 --> 00:05:07,040 Speaker 1: four thousand gigawatts of total generating capacity right now. Its 81 00:05:07,120 --> 00:05:10,919 Speaker 1: peak demand is about one four hundred and fifty gigawatts, 82 00:05:11,120 --> 00:05:14,240 Speaker 1: and so this project isn't going to have a huge 83 00:05:14,400 --> 00:05:17,280 Speaker 1: world changing impact on China's power sector, but it does 84 00:05:17,360 --> 00:05:19,919 Speaker 1: do a couple of different things that are going to 85 00:05:19,920 --> 00:05:24,080 Speaker 1: be really beneficial to China's attempt to clean up its 86 00:05:24,200 --> 00:05:27,960 Speaker 1: energy sector and will help China meet its energy transition 87 00:05:28,080 --> 00:05:31,320 Speaker 1: goals of peaking emissions by twenty thirty and then reaching 88 00:05:31,320 --> 00:05:32,920 Speaker 1: net zero emissions by twenty sixty. 89 00:05:33,400 --> 00:05:37,560 Speaker 2: China still relies on coal power plants to back up 90 00:05:37,720 --> 00:05:42,000 Speaker 2: its more sustainable energy sources like solar and wind. 91 00:05:42,600 --> 00:05:46,799 Speaker 1: Wind and solar, while cheap and wall abundant, only generate 92 00:05:46,880 --> 00:05:49,280 Speaker 1: when the wind blows, and it doesn't really allow them 93 00:05:49,320 --> 00:05:52,440 Speaker 1: to replace coal plants because at the end of the day, 94 00:05:52,760 --> 00:05:56,840 Speaker 1: you still need backup generation to make sure that when 95 00:05:56,960 --> 00:05:59,279 Speaker 1: there's a period where there's no sun out and the 96 00:05:59,320 --> 00:06:01,839 Speaker 1: wind stops, that people can still turn on their lights. 97 00:06:02,320 --> 00:06:06,200 Speaker 1: What hydropower does that when solar don't do is it's 98 00:06:06,560 --> 00:06:10,240 Speaker 1: what we call a dispatchable source. You can use it 99 00:06:10,320 --> 00:06:13,960 Speaker 1: when it's needed, you can hold it back when it's not. Now, 100 00:06:14,040 --> 00:06:17,440 Speaker 1: hydropower is not perfectly dispatchable, like if you're using a 101 00:06:17,480 --> 00:06:20,200 Speaker 1: fossil fuel power plant, a gas or a coal power plant, 102 00:06:20,320 --> 00:06:21,960 Speaker 1: you can really just sort of turn it off and 103 00:06:22,000 --> 00:06:26,279 Speaker 1: on as needed hydropower. There's still some external things like 104 00:06:26,320 --> 00:06:28,919 Speaker 1: whether there's a drought, if there's you know, too much water, 105 00:06:29,160 --> 00:06:31,719 Speaker 1: If there's rain, you know, you have to open the floodgates. 106 00:06:31,839 --> 00:06:34,400 Speaker 1: It's not perfect, but it is a clean power source 107 00:06:34,480 --> 00:06:36,680 Speaker 1: that allows the grid to be a little bit more 108 00:06:36,720 --> 00:06:39,839 Speaker 1: flexible in terms of, you know, generating when it's needed 109 00:06:39,880 --> 00:06:41,839 Speaker 1: and not just when the supply is available. 110 00:06:42,720 --> 00:06:47,240 Speaker 2: That reliability and flexibility are just two of the reasons 111 00:06:47,520 --> 00:06:52,880 Speaker 2: why building a hydroelectric dam is so expensive. The Yarlung 112 00:06:52,960 --> 00:06:56,560 Speaker 2: Sungpo Dam will cost one hundred and sixty seven billion 113 00:06:56,640 --> 00:07:01,800 Speaker 2: dollars more than the International Space Day did, and Dan 114 00:07:01,920 --> 00:07:06,039 Speaker 2: says the power it generates will be several times more 115 00:07:06,120 --> 00:07:09,279 Speaker 2: expensive than any other energy source. 116 00:07:09,640 --> 00:07:12,200 Speaker 1: If it ends up being about a segmenty gigawatt project, 117 00:07:12,240 --> 00:07:15,120 Speaker 1: as we expect it to be, you're talking about two 118 00:07:15,200 --> 00:07:19,080 Speaker 1: point four million dollars per megawatt. Now. That compares to 119 00:07:19,480 --> 00:07:22,480 Speaker 1: an onshore wind plant right now that China would spend 120 00:07:22,520 --> 00:07:25,600 Speaker 1: about six hundred thousand dollars per megawat on, or a 121 00:07:25,600 --> 00:07:28,040 Speaker 1: solar power plant that China would spend about four hundred 122 00:07:28,040 --> 00:07:32,920 Speaker 1: thousand dollars per megadon. China infrastructure projects never lack for lenders. 123 00:07:32,960 --> 00:07:35,600 Speaker 1: But this is not a white elephant. This is going 124 00:07:35,680 --> 00:07:38,520 Speaker 1: to be a hydropower project that sells a lot of electricity. 125 00:07:38,720 --> 00:07:41,760 Speaker 1: That electricity has value, and so they're going to be 126 00:07:41,800 --> 00:07:44,480 Speaker 1: able to code to their lenders and say, listen, over 127 00:07:44,560 --> 00:07:47,280 Speaker 1: twenty thirty years, we're going to make a ton of money, 128 00:07:47,280 --> 00:07:49,280 Speaker 1: and we're going to have the revenue to pay you back. 129 00:07:50,040 --> 00:07:54,000 Speaker 2: Dan says, there's another reason the Chinese government has green 130 00:07:54,080 --> 00:07:58,400 Speaker 2: lit the project, and that's the state of China's economy. 131 00:07:59,040 --> 00:08:01,600 Speaker 1: The way I think about it is this is less 132 00:08:01,640 --> 00:08:04,679 Speaker 1: of a hydropower project that's going to provide some economic 133 00:08:04,760 --> 00:08:07,640 Speaker 1: stimulus and more of an economic stimulus project that at 134 00:08:07,640 --> 00:08:09,400 Speaker 1: the end of the day will be able to produce 135 00:08:09,480 --> 00:08:13,040 Speaker 1: some hydropower. We're in this new sort of era where 136 00:08:13,160 --> 00:08:16,480 Speaker 1: China's economy has been stagnant since COVID people have been 137 00:08:16,520 --> 00:08:18,960 Speaker 1: waiting for a kind of stimulus boost to recover it. 138 00:08:19,280 --> 00:08:22,880 Speaker 1: Sectors like cement, like steel, like construction, those have been 139 00:08:22,960 --> 00:08:26,520 Speaker 1: particularly hard hurt by the burst of the property bubble, 140 00:08:26,840 --> 00:08:30,000 Speaker 1: and so you've got this perfect storm here where there's 141 00:08:30,040 --> 00:08:33,160 Speaker 1: this project that requires a lot of those materials that 142 00:08:33,320 --> 00:08:35,720 Speaker 1: used to be seen as maybe a little bit risky 143 00:08:35,880 --> 00:08:38,559 Speaker 1: and costly to do, but now it kind of fits 144 00:08:38,640 --> 00:08:42,360 Speaker 1: this dual need of both providing some economic stimulus for 145 00:08:42,480 --> 00:08:47,960 Speaker 1: some hurting sectors while also eventually providing a really, really 146 00:08:48,040 --> 00:08:49,800 Speaker 1: large source of clean energy. 147 00:08:50,320 --> 00:08:54,040 Speaker 2: The project is estimated to generate two hundred thousand new 148 00:08:54,160 --> 00:08:59,599 Speaker 2: jobs and boost China's GDP every year for the next decade. 149 00:09:00,120 --> 00:09:03,960 Speaker 1: They've estimated that it's likely bigger than multiple different monetary 150 00:09:04,000 --> 00:09:06,520 Speaker 1: policy actions that the Central Bank has taken over the 151 00:09:06,520 --> 00:09:09,440 Speaker 1: past few years, so it could really help reflate the 152 00:09:09,480 --> 00:09:12,760 Speaker 1: economy as they try to do their supply side reform 153 00:09:12,800 --> 00:09:14,080 Speaker 1: over the coming years. 154 00:09:18,400 --> 00:09:22,240 Speaker 2: How China plans to transmit all that clean energy, and 155 00:09:22,360 --> 00:09:26,520 Speaker 2: what the dam's construction means for simmering tensions between Beijing 156 00:09:26,880 --> 00:09:43,160 Speaker 2: and New Delhi. That's after the break. China has been 157 00:09:43,280 --> 00:09:47,520 Speaker 2: talking about building a mega dam on the Yurlanngsungpur River 158 00:09:47,960 --> 00:09:53,120 Speaker 2: for decades, but construction was approved only in December last year. 159 00:09:53,880 --> 00:09:57,960 Speaker 2: Bloomberg Stan Mertor says that's largely because the challenges to 160 00:09:58,040 --> 00:10:00,000 Speaker 2: the project are so formidable. 161 00:10:00,520 --> 00:10:03,360 Speaker 1: In past conversations I've had with people, they were a 162 00:10:03,400 --> 00:10:05,839 Speaker 1: little bit iffy on whether it would ever get built. 163 00:10:05,840 --> 00:10:09,120 Speaker 1: Because this is an incredibly remote site. It's very very 164 00:10:09,160 --> 00:10:12,960 Speaker 1: far away from any major population centers, and so you 165 00:10:13,120 --> 00:10:17,040 Speaker 1: have to transport millions of tons of cement and sand 166 00:10:17,120 --> 00:10:20,440 Speaker 1: and aggregate and tens of thousands of workers up to 167 00:10:20,520 --> 00:10:21,640 Speaker 1: this remote area. 168 00:10:22,120 --> 00:10:25,880 Speaker 2: The project site is in a seismically active area. That 169 00:10:26,040 --> 00:10:29,520 Speaker 2: means engineers will need to ensure that the dam is 170 00:10:29,640 --> 00:10:34,240 Speaker 2: strong enough to withstand earthquakes. And then there's the question 171 00:10:34,320 --> 00:10:37,440 Speaker 2: of how to get the power generated by the dam 172 00:10:37,760 --> 00:10:42,440 Speaker 2: to the places that need it. Beijing, Shanghai, Hong Kong. 173 00:10:43,080 --> 00:10:47,439 Speaker 2: They're all thousands of miles away, which means this isn't 174 00:10:47,559 --> 00:10:50,720 Speaker 2: just one massive infrastructure project, it's two. 175 00:10:51,280 --> 00:10:54,840 Speaker 1: Earlier this year, when China announced this project as part 176 00:10:54,840 --> 00:10:57,280 Speaker 1: of their work plan for this year, they not only 177 00:10:57,320 --> 00:10:59,480 Speaker 1: said we're going to try to develop hydropowered the is 178 00:10:59,600 --> 00:11:01,599 Speaker 1: Ensemble River, but they said we're going to try to 179 00:11:01,600 --> 00:11:03,880 Speaker 1: build a power line from Tibet to the Hong Kong, 180 00:11:03,960 --> 00:11:06,880 Speaker 1: guangzhosh and Jen Bay area to transmit some of that. 181 00:11:06,880 --> 00:11:09,320 Speaker 1: That itself is going to be a major undertaking. It's 182 00:11:09,360 --> 00:11:12,600 Speaker 1: going to require lots of copper and aluminum steel itself. 183 00:11:13,000 --> 00:11:16,560 Speaker 1: City Bank has estimated just the transmission alone could be 184 00:11:16,679 --> 00:11:19,960 Speaker 1: another seven hundred billion yuan about one hundred billion dollars, 185 00:11:20,000 --> 00:11:23,000 Speaker 1: and so that will also be a difficult thing. 186 00:11:23,640 --> 00:11:28,359 Speaker 2: The domestic considerations in building this mega dam are considerable, 187 00:11:29,000 --> 00:11:34,680 Speaker 2: but they might be overshadowed by international complications. Downstream from 188 00:11:34,679 --> 00:11:39,120 Speaker 2: the site. The Yar Lungsangpu River flows into India and 189 00:11:39,160 --> 00:11:43,720 Speaker 2: then into Bangladesh and is critical to livelihoods in the region. 190 00:11:44,559 --> 00:11:47,440 Speaker 1: When China first announced back in December that there was 191 00:11:47,480 --> 00:11:50,560 Speaker 1: going to go forward with this, the Indian government reach 192 00:11:50,640 --> 00:11:55,080 Speaker 1: out to the Chinese government. They raised alarm bells, an 193 00:11:55,120 --> 00:11:58,120 Speaker 1: Indian minister set in March. This was part of discussions 194 00:11:58,120 --> 00:12:01,559 Speaker 1: the countries had in January. The Chinese government clearly thinks 195 00:12:01,600 --> 00:12:04,800 Speaker 1: that they've told the Indian government the downstream areas won't 196 00:12:04,800 --> 00:12:08,640 Speaker 1: be affected, and they think that they've convinced Indian officials 197 00:12:08,640 --> 00:12:12,360 Speaker 1: that this is not a project that will harm the ties. 198 00:12:13,880 --> 00:12:18,320 Speaker 2: The relationship between China and India has worsened in recent 199 00:12:18,440 --> 00:12:22,200 Speaker 2: years after a long history of border disputes in the 200 00:12:22,240 --> 00:12:23,160 Speaker 2: Himalian region. 201 00:12:23,720 --> 00:12:26,400 Speaker 1: It is too early to say how this is going 202 00:12:26,440 --> 00:12:31,599 Speaker 1: to develop. Already, India has mooted building its own hydropower 203 00:12:31,600 --> 00:12:35,120 Speaker 1: station across the border from this plant where they would 204 00:12:35,160 --> 00:12:37,040 Speaker 1: be able to at least put in a little bit 205 00:12:37,040 --> 00:12:38,960 Speaker 1: of their own control over the flow of the water 206 00:12:39,040 --> 00:12:40,559 Speaker 1: and produce their own electricity. 207 00:12:41,160 --> 00:12:45,960 Speaker 2: There's another complication. Tibet is a highly sensitive area. The 208 00:12:46,040 --> 00:12:51,959 Speaker 2: region has long endured intense social security and religious controls 209 00:12:52,280 --> 00:12:57,480 Speaker 2: under Beijing's policies, and though China has denied them, allegations 210 00:12:57,520 --> 00:13:02,120 Speaker 2: of mass labor systems and repression persist. 211 00:13:02,480 --> 00:13:06,040 Speaker 1: Tibet is a politically sensitive area. It's been in the 212 00:13:06,120 --> 00:13:10,720 Speaker 1: sort of global crosshairs for decades. Tibet and the Beijing 213 00:13:10,760 --> 00:13:15,959 Speaker 1: government have a very long and fraught history, and you know, frankly, 214 00:13:16,000 --> 00:13:18,760 Speaker 1: as a foreign journalist, Tibet is an area that I'm 215 00:13:18,880 --> 00:13:20,160 Speaker 1: not allowed to visit. 216 00:13:21,000 --> 00:13:24,320 Speaker 2: It's not just the political situation in Tibet. There are 217 00:13:24,400 --> 00:13:28,760 Speaker 2: significant concerns around the environmental implications as well. 218 00:13:29,760 --> 00:13:33,000 Speaker 1: This is a really really fragile area. It's really unique there. 219 00:13:33,120 --> 00:13:35,040 Speaker 1: You know, you have this dry mountain air coming down 220 00:13:35,080 --> 00:13:38,280 Speaker 1: from the Himalayas meeting up with this humid, warm air 221 00:13:38,320 --> 00:13:40,600 Speaker 1: coming up from the Indian Ocean. It's one of the 222 00:13:40,600 --> 00:13:44,520 Speaker 1: most uniquely biodiverse spots in the world. And the idea 223 00:13:44,559 --> 00:13:48,320 Speaker 1: of bringing tens of thousands of workers. Plus However, many tens, 224 00:13:48,360 --> 00:13:50,920 Speaker 1: if not hundreds of thousands of more wolves will pop 225 00:13:51,040 --> 00:13:53,880 Speaker 1: up to create like the restaurants and food trucks and 226 00:13:53,960 --> 00:13:57,640 Speaker 1: bars and karaoke and stuff to service these people. The 227 00:13:57,720 --> 00:14:00,720 Speaker 1: idea that there's gonna be all of this human activity 228 00:14:00,760 --> 00:14:04,000 Speaker 1: in a place that's been remote for most of its history. 229 00:14:04,240 --> 00:14:06,640 Speaker 1: You hope for the best, but human history has not 230 00:14:06,760 --> 00:14:08,880 Speaker 1: been very kind to the planet Earth, and you just 231 00:14:08,920 --> 00:14:11,240 Speaker 1: have to wonder if they're going to be able to 232 00:14:11,360 --> 00:14:15,000 Speaker 1: rain in people from not damaging permanently. It's really eigue area. 233 00:14:21,560 --> 00:14:24,680 Speaker 2: This is The Big Take Asia from Bloomberg News. I'm 234 00:14:24,680 --> 00:14:27,360 Speaker 2: mad A Kavoshi. To get more from The Big Take 235 00:14:27,680 --> 00:14:31,800 Speaker 2: and unlimited access to all of Bloomberg dot Com, subscribe 236 00:14:31,840 --> 00:14:36,720 Speaker 2: today at Bloomberg dot com slash podcast Offer. If you 237 00:14:36,920 --> 00:14:40,360 Speaker 2: liked the episode, make sure to subscribe and review The 238 00:14:40,360 --> 00:14:44,320 Speaker 2: Big Take Asia wherever you listen to podcasts. It helps 239 00:14:44,320 --> 00:14:47,720 Speaker 2: people find the show. Thanks for listening, See you next time.