Like most artists, she's a liberal nut case, but her music is never-the-less, sweet (as Tupelo honey).
Tremelo. So that is the correct term. For some, it’s an acquired appreciation, but I’ve always enjoyed that vocal technique when done well.
Joni Mitchell also specialized in using that skill, especially in her early and mid career, before her voice began to toughen from age and chain smoking around 1985.
Johnny Mathis, same story of tremelo, when he was younger and in full voice.
The three J’s.
No, it’s vibrato. Vibrato is variation in pitch while tremolo is variation in volume.
When I played this video back again. it was clear that Baez was unmistakably employing tremolo, not the much sweeter vibrato. Either style of variation can also be achieved with a wind instrument, but only vibrato with a viol-type instrument; neither with a fretted guitar/mandolin or piano.
Personally, I do not find tremolo a pleasant rendering of a melody, and would never train one to us it in place of vibrato as the customary rendering of sustained tones.