Benefits of a more comprehensive subsidy reform process would be even higher. Subsidies are adopted and implemented with little public information or input. There is no one place where a person can look to find them all. They are adopted with little public notice. There is little if any consideration of their environmental impact.
Judicial review is virtually unavailable.
Congress should reduce or eliminate such subsidies. Congress should also prohibit any subsidy from being implemented unless it is first identified on the registry. Every subsidy should be subject to a publicly available analysis of its need, its fiscal and environmental impacts, and alternatives. The United States should work toward international agreement on the elimination or reduction of subsidies for fossil fuels. Such an effort would be similar to U.S. efforts with the World Trade Organization to eliminate fishing subsidies.