Biden: Paris deal 'best way to protect' U.S. leadership

Paris Agreement 4x3

Putin is meeting with Indian Prime Minister Narendra Modi later on Thursday.

Tesla boss Elon Musk has threatened to leave Donald Trump's advisory board if the United States drops out of the Paris climate deal, amid reports the President is set to go through with his campaign promise to withdraw.

"We believe climate change is real and the science is well accepted", GE's chief executive, Jeffrey Immelt, wrote to employees in a blog post in March.

Nancy Pelosi, one of the top Democrats in Congress, described the apparent decision as a "stunning abdication of American leadership and a grave threat to our planet's future".

"You're going to find out very soon", Mr. Trump said. Language for the withdrawal was still being prepared Wednesday, and will likely include specific legal conditions crafted by Trump's administration. Developing country Parties should continue enhancing their mitigation efforts, and are encouraged to move over time towards economy-wide emission reduction or limitation targets in the light of different national circumstances. He calls the expected withdrawal "a big setback". Even fossil fuel companies such as Exxon Mobil, BP and Shell say the United States should abide by the deal. A Danish lawmaker from a small, center green party says, "it resembles a crime against humanity and future generations".

If the US does leave, he said, the Europe Union should seek ways to balance out the economic advantage that USA companies might have from the absence of climate regulations.

China says it will work with the European Union to uphold the global agreement on climate change even if the USA pulls out.

Economists also warn that climate change could inflict a devastating impact on the global economy.

The EU and China have reportedly signed an agreement to counteract any action by the U.S. which might undermine the Paris agreement.

Trump tweeted on Wednesday night that he would announce his decision at 3pm ET on Thursday at the White House and there are fears that will he confirm reports thatthe USA will soon join Nicaragua and Syria on the small list of countries refusing to back the climate accord, signed in 2015. "AGAIN!" the USA leader said in a tweet late Wednesday, punctuating the post with his campaign slogan.

White House press secretary Sean Spicer told reporters earlier that he wasn't sure whether Trump had made a final decision yet.

Trump faced considerable pressure to hold to the deal during visits with European leaders and Pope Francis on his recent trip overseas.

The transatlantic diplomatic rift widened on Tuesday as U.S. President Donald Trump responded to criticism from Chancellor Angela Merkel with a new attack on German trade tactics and defense spending.

The official insisted on anonymity in order to discuss the decision before the official announcement.

A USA withdrawal would remove the world's second-largest emitter and almost 18 percent of the globe's present-day emissions from the agreement, presenting a severe challenge to its structure and raising questions about whether it would weaken the commitments of other nations.

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