abstract:The Montreal Process, also known as the Working Group on Criteria and Indicators for the Conservation and Sustainable Management of Temperate and Boreal Forests, is a voluntary agreement on sustainable forest management. It was formed in Geneva, Switzerland in June 1994 as a result of the Forest Principles developed at the 1992 Earth Summit.
This happened in cities like Montreal and countries like Greece who invested heavily in infrastructure and facilities but incurred massive debt in the process without much long-run returns on those investments.