Executive orders are signed statements about how the president wants the federal government to be managed.
His action has led to some calling the 'planned' US withdrawal 'unfortunate' and others reminding him of climate-driven disasters like the most-recent Los Angeles wildfires.
Big global emitters are calling into question the US’s commitment to tackling climate change
In a statement, Biden noted that the US had been key to negotiating the 2015 agreement, which has since been ratified by almost all countries around the world.
The National Association of Business Economists said its quarterly survey showed members were a little less sanguine about the prospects for strong economic expansion over the next year, although most still expect sustained quarterly growth of better than two per cent.
French President Emmanuel Macron said he "respected" Trump's decision but France remained committed to the accord.
Musk's decision follows an announcement from President Donald Trump that the U.S. will back out of the Paris climate accord.
The real-estate tycoon said he made the decision as the deal was unfair to the US and badly hit businesses and jobs.
"In order to fulfil my solemn duty to protect our citizens, the United States will withdraw from the Paris Climate Accord... We are getting out and we will start to renegotiate," Trump said at the Rose Garden of the White House.
Celebrated author Amitav Ghosh has unveiled his first non-fiction book titled "The Great Derangement; Climate Change and Unthinkable". Speaking exclusively to CNBC-TV18, Ghosh lambasted the Paris climate accord saying it does nothing to ensure climate justice.