Rather than forcing local factories to clean up after themselves, Changzhou decided to outsource the job of managing its water supply to a French company named Veolia - one of a handful of corporate giants now scrambling to take over city water systems around the planet, especially in the often polluted and water-short developing world.

Under the Paris agreement, every one of the 147 signatories issues what is called an 'intended nationally determined contribution' (INDC), which amounts to a promise that the nation will take certain actions to reduce greenhouse-gas emissions by a certain date.

Big Water makes an argument straight out of Economics 101. The best way to deliver water to people's homes efficiently, the water barons argue, is to put the process in the hands of the market. If water is scarce, then raise the price - let the law of supply and demand take over!

Charles C. Mann Quotes