There is no one-size-fits-all strategy for fossil-fuel subsidy reform—but there are a set of planning stages that are generic, along with many common issues, challenges and potential solutions. The Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD) has published a guidebook on how governments can formulate an effective reform strategy that will fit their individual objectives and circumstances. It is aimed at policy-makers in Southeast Asia, but much of its guidance could apply to any region.
Since 1992, IISD has worked with the government of China to promote policy directions that are consistent with the principles of sustainable development. The success of the country's next round of development will depend on achieving 'green growth' - not only economic targets for competitiveness, job creation and poverty reduction, but also sustainability goals like climate stabilization, water stewardship and natural resource efficiency.