This agreement, led by the United Nations Framework Convention on Climate Change, looks to set a global action plan "to avoid unsafe climate change by limiting global warming to well below 2°C", according to the agreement's website.
In his remarks, Trump said he was open to re-brokering United States carbon reduction commitments, but didn't express any urgency in bringing the U.S. back into the deal, which he claimed placed "draconian" financial burdens on the American people.
Bernie Sanders tweeted, "Trump's decision to withdraw the U.S. from the Paris climate agreement is an abdication of American leadership and an worldwide disgrace.When climate change is already causing devastating harm, we don't have the moral right to turn our backs on efforts to preserve this planet".
The move did not necessarily come as a surprise- reports on Wednesday indicated Trump meant to leave the agreement.
Trump must "openly and notoriously" pull out of the accord and not merely say he doesn't like it, Limbaugh added. He said the decision fulfills his promise to "put American workers first".
The Democratic Governors from New York, California, and Washington also vowed to continue taking aggressive action on climate change. "The report is a useful statement of what might happen if the Trump administration got its way", says David Keith, professor of applied physics and public policy at Harvard University.
Under the Paris accord, almost 200 nations agreed in 2015 to voluntarily cut greenhouse gas emissions in a landmark agreement to fight climate change. That means Trump can also remove the USA from the accord without a vote.
Lloyd Blankfein, the CEO of Goldman Sachs, said that the decision was "a setback for the environment and for the U.S.'s leadership position in the world". He has spent his first months in office working to delay and roll back federal regulations limiting greenhouse gas emissions while pledging to revive long-struggling USA coal mines. Top White House aides have been divided, and Trump's decision may not be entirely clear-cut. The Vatican, which under Pope Francis' insistence has strongly backed the Paris accord, would see a USA exit as a "a huge slap in the face", a senior Vatican official said on Thursday.
As Trump announced his plans, it was 83 degrees Fahrenheit (28 Celsius) in Washington, a bit higher than the 80-degree average high for the day but well below the 2011 record of 98. Elon Musk, the chief executive of Tesla, said he would resign from White House business councils if Trump followed through.
In Madrid, the leaders of India and Spain expressed their commitment to fighting climate change and reiterated their support for implanting the Kyoto and Paris accords. Playing the role of a master dealmaker, he offered to renegotiate Paris or come up with a different agreement among nations, but only if it is "fair" for America.
Before Trump even finished his full address, President Obama issued a statement opposing the withdrawal.
"The nations that remain in the Paris Agreement will be the nations that reap the benefits in jobs and industries created", Obama wrote.
On the diplomatic front, German Chancellor Angela Merkel led the "remain" camp, publicly describing the deal as "essential", and suggesting other countries would press ahead regardless.
After Trump's announcement, business leaders, politicians, and foreign heads-of-state began castigating the decision as a woeful abandonment of USA leadership. The Atlantic reported past year that a US departure would likely result in less-transparent mechanisms for actually enforcing the Paris accord - because Chinese "faulty and unreliable energy statistics" could play a prominent role.