Tourism often causes environmental damage to both the local infrastructure and the flora, fauna, and historical sites in a location. Started in 2001, the Summit has become a focal point for leaders and stakeholders across the world to bridge thought and action for sustainable development. If managed properly, it can provide economic incentives for a place to preserve, maintain, and regenerate the local history, infrastructure, and environment. The World Sustainable Development Summit (WSDS) is the annual flagship event of The Energy and Resources Institute (TERI).