In a slightly more cautious report, CBS says the president is expected to withdraw from the accord, but has also has discussed with senior White House staff an effort to renegotiate the agreement with an eye to making its provisions less onerous to USA industry.
Amid reports that the president plans to imminently table USA involvement in the landmark deal, which seeks to achieve global emissions between 2050 and 2100, economists and titans of industry have mounted a rallying cry against dropping the historic accord.
Still, the decision is a blow to environmentalists, business leaders and worldwide figures who all week have urged Trump to reconsider. Trump doesn't "comprehensively understand" the terms of the accord, though European leaders tried to explain the process for withdrawing to him "in clear, simple sentences" during summit meetings last week, Jean-Claude Juncker said in Berlin.
It was described by former U.S. President Barack Obama as "a turning point for our planet".
Formal withdrawal: If Trump opts to officially withdraw, it wouldn't take effect until 2020, explains CNN.
Abandoning the pact would isolate the US from a raft of worldwide allies who spent years negotiating the 2015 agreement to fight global warming and pollution by reducing carbon emissions. "U.S. companies are well positioned to lead in these markets". However, presidents have previously exited Senate-approved treaties on at least two occasions without Senate cooperation.
Without mentioning the US specifically, Li said that "China in recent years has stayed true to its commitment" and pointed out that his was one of the first countries to ratify the 2015 Paris Agreement.
Economists say that leaving the Paris deal and easing efforts to control emissions would hardly deliver a big payoff in jobs. More than 20 Republican senators have called for Trump to leave the deal. According to the outlet, environment protection agency administrator Scott Pruitt and his team were working on the withdrawal details. So Trump can't take the first formal step until November 2019, and can't withdraw the USA until a year later - just after he presumably stands for reelection.
The Associated Press interviewed dozens of scientists and consulted computer simulations, and they say without the US pledges, the unsafe 2-degree rise is almost inescapable. "It sends a combative signal to the rest of the world that America doesn't prioritize climate change and threatens to unravel the ambition of the entire deal". And he's already overturned several Obama-era efforts to reduce emissions.
The 2015 agreement aims to prevent the Earth from heating up by 2 degrees Celsius (3.6 degrees Fahrenheit) since the start of the industrial age.
The United States is the world's second-highest contributing nation of greenhouse gases, surpassed only by China. Rising sea levels could swamp low-lying cities and farmland.
And the agreement relies on voluntary cuts in emissions, which is seen by some critics as a major weakness.
"Whoever becomes the next United Kingdom prime minister, they must now step up on climate action and show that our "special relationship" with the U.S. can not extend to supporting a nation that would so flippantly jeopardise the climate for future generations", he said.
"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.
The doubters are in the minority.
The decision will put the United States in league with Syria and Nicaragua as the world's only non-participants in the Paris Climate Agreement.
To date, 147 out of the 197 countries have ratified the accord, including the U.S., where the accord entered into force last November.
A pact in name, or in deed?
Leaving the deal would fulfill a central campaign pledge, but would anger worldwide allies who spent years in hard negotiations that produced an accord to reduce carbon emissions.
The opposite is also true: USA greenhouse gas emissions could continue to go down, at least in the short term, even if Trump withdraws from the accord.
For China, the No. 1 polluter, having overtaken the United States, the goal was for emissions to peak by 2030 and then start dropping, reducing the amount of carbon pollution per person to about 60 percent of 2005 levels.
How large are US CO2 emissions?
The President himself tweeted enigmatically that he would announce his decision over the next few days.
At a rally in April, he criticized global agreements that need the U.S. to do and pay more and called the accord "one-sided" in which "the United States pays billions while China, Russia and India have contributed, and will contribute, nothing".
"I think this innovation is critical for keeping US companies on the path to being the most innovative in the world and being at the forefront of new technologies", he said.
It's not just a question of intangible moral leadership, or even of the potential profits from green energy that would be on the table. Those moves make it unlikely the US will meet its Paris commitment. "It is not too late to for the president to stay the course and work with the tech industry to ensure that more clean energy jobs continue to go to Americans and that USA leadership in innovation is second to none".
- Donald Trump likely to withdraw from Paris climate deal
- NBA Finals Preview: How Cleveland Cavaliers and Golden State Warriors match up
- OPEC: when meeting expectations are simply not enough
- Illinois lawmakers fail to pass budget, miss spring deadline
- Venus Williams hints Serena is expecting a baby girl
- President Trump Withdraws from Paris Climate Accord: "Handicaps US Economy"
- Cleveland Cavaliers' Deron Williams embraces first-ever trip to NBA Finals
- Tottenham's Kane tops Premier League scoring charts
- Golden State, Cleveland Ready To Play For NBA Crown
- Exiting Paris, Trump leaves deal shaped by U.S. priorities