Withdrawing from the Paris agreement was one of the major campaign promises of Trump, who has previously called climate change a "hoax" and last week brushed aside pressure from US allies during the G7 summit in Sicily to endorse the deal his predecessor Barack Obama worked passionately to achieve.
"I will be announcing my decision on Paris accord, Thursday at 3:00 PM (12:30 am Friday). The White House Rose Garden. MAKE AMERICA GREAT AGAIN!," Trump tweeted.
Doung so will isolate the US as 195 countries agree on the 2015 Paris accord. Syria and Nicaragua are the only two countries who have not signed the historic 2015 accord.
Nicaragua did not sign the deal because it apparently believed the agreement was not enough to combat climate change and would not punish those who failed to meet their voluntary pledges, while war-torn Syria was effectively internationally isolated when the accord was first signed.
Trump's reported decision has been criticised by former secretary of state Hillary Clinton, who said withdrawing from the agreement would impact of America's global standing.
"We cannot stand idly by and allow Trump to continue to undermine the very strong foundation based on values that we in democracies share. Politicians come and go, but these values and the role that they play in stabilising the world after the worst war in humanity, is critically important," she told Recode's Code Conference in an interview.
"They're looking to throw all that out the window. But what's really stupid about it is they're throwing out the economic opportunities that being part of the Paris agreement provide for the United States. That is what I find totally incomprehensible," Clinton said.
She blamed the reported decision on Trump's "impulsive, reactive personality." "If we all like the Paris agreement, he may decide to get out of it. Not even understanding one bit about what that means. Or understanding the economic costs of it," she said.
"You know, somebody is going to really... Have the market for clean energy exports. China is moving full speed ahead to be that country. Some of the European countries, particularly when it comes to wind, are already there. Israel, I know has some great research being done, particularly on solar," she added.
But Trump has often said the US did not get a "fair deal" in the Paris accord.
Yesterday, the UN chief said even if Trump decides to leave the deal, "it's very important for the US society as a whole - the cities, the states, the companies, the businesses - to remain engaged" with the agreement."
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