The Most Ambitious Climate Plan in History

September 10, 2018
By Janet Yellen and Ted Halstead

At the 2015 Paris Climate Conference, the United States committed to reduce its net greenhouse gas emissions by 26% to 28% below 2005 levels by 2025. Even though the Trump administration has announced its intention to withdraw from the Paris agreement, it remains the benchmark by which any U.S. climate plan is judged.


It’s clear that the Baker-Shultz Carbon Dividends Plan is the most environmentally ambitious climate solution. It’s also the most politically viable because it addresses the legitimate concerns of all key stakeholders in the climate debate and enables each to realize an important victory.

A broad coalition of business sector leaders supports the general outlines of the plan. Among them: BP, exxonmobil, Shell, and Total, as well as AECOM, Allianz, AT&T, Exelon, First Solar, General Motors, Johnson & Johnson, Metlife, Procter & Gamble, pepsico, Santander, Schneider Electric, and Unilever. Each is a founding member of the Climate Leadership Council.
The Baker-Shultz framework also enjoys support from environmental organizations and opinion leaders from across the political spectrum. This is the broadest coalition in U.S. history to come together in support of a concrete federal climate solution, and it continues to grow.

The plan’s popularity enhances its viability. A national poll by Hill+Knowlton, released in full today, finds that the American public supports the Baker-Shultz plan by a 2-1 margin, and by a 23-point margin among Republicans. Among millennials—soon to be the largest voting cohort—support exceeds 4-1.

All of this suggests that the Baker-Shultz plan is emerging as a consensus national climate solution, reflecting the sensible center of American politics. It also demonstrates that there is a realistic path for the United States to exceed its Paris climate commitment and restore its position as a global climate leader.