China, also among the world's largest polluters, has not presented its climate plan yet
This marks the second time Trump has initiated the withdrawal, having first done so in 2017 during his previous term
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.
The decision would place the United States alongside Iran, Libya and Yemen as the only countries in the world outside the 2015 pact, in which governments agreed to limit global warming to 1.5 degrees Celsius above pre-industrial levels to avoid the worst impacts of climate change.
Trump is also expected to end the pause on permitting new liquefied natural gas exports to big markets in Asia and Europe and revoke a waiver that allows California and other states to have tighter pollution standards, according to the report.
In a recorded message for the ministerial meeting of the IEA, he said India has surpassed its Paris climate targets ahead of schedule and remains firmly committed to addressing the global issue.
The COP in Warsaw appeared doomed from the start, almost collapsed midway, and nearly broke up in acrimony towards the end. The conference was rescued from total failure by Burhan Gafoor and TS Tirumurti with no small help from a third Tamilian, Vivian Balakrishnan
Talking about India's plan to come out with metro networks in 27 cities, the PM said that for large scale behavioural change 'large private participation' is required.
Arguing that countries like China and India are benefiting the most from the Paris Agreement, Trump had said that the agreement on climate change was unfair to the US, as it badly hit its businesses and jobs
Trump last week withdrew the US, the second largest polluter after China, from the Paris Agreement.
Trump’s pullout rekindles a contentious debate on whether high-growth emerging economies should cut emissions as much as developing economies, who have long exploited cheap fossil fuel for decades and are still the world’s largest producers.
"Regrettably, the signs of push-back on commitments by traditional donors towards assisting in the implementation of these two landmark agreements, that can actually and in very practical terms transform human societies, for our collective betterment, place a question mark on any such prospects.
The increase in green bond issuances reflect strong China-based issuances and momentum from the Paris Climate agreement, Moody's Investors Service said.
The fund comes with a commitment of up to USD 100 million from the Norwegian government, based on a capitalisation goal of USD 400 million by 2020, to be drawn from other bilateral and multilateral donors as well as private sector partners.
Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc head Mark Zuckerberg, Alibaba Group Holding Ltd Chairman Jack Ma and Amazon.com chief Jeff Bezos.
Days after India ratifying the Paris Climate Agreement, Prime Minister Narendra Modi has said the country can switch over to cleaner energy sources from coal if the world provides the technology and resources.
Announcing his tax reforms Trump said his policies would benefit working families while ensuring the wealthy pay their fair share, dramatically cut taxes for everyone and streamline deductions, presenting the biggest tax reform since Reagan.
"The Secretary-General welcomes the domestic steps being undertaken by both countries to join the Paris Agreement as soon as possible, including in 2016, and their collaborative efforts to address climate change," a statement issued by Ban's spokesman here said.
According to reports, the US and China are leading a push to bring the Paris climate accord into force much faster aided by a typographical glitch in the text of the agreement.