The Most Ambitious Climate Plan In History
View on Fortune website"As also discussed in our report, the nonprofit research organization Resources for the Future modeled the Baker-Shultz plan through 2035 based on a carbon tax starting in 2021 and a range of inflation-adjusted annual escalation rates from 3% to 6%. It found that U.S. energy-related CO2 emissions would decline to a level of 41% to 47% below 2005 levels by 2035, also raising the environmental bar substantially."