Facebook founder, Mark Zuckerber, has decried the U.S. withdrawal from the Paris Climate Change agreement, saying it "is bad for the environment, bad for the economy and it puts our children's future at risk".

President Donald Trump had on Thursday announced his country’s withdrawal from the Agreement adopted in 2015, citing a report by Massachusetts Institute of Technology (MIT).

In a nationwide broadcast, Trump announced: “To fulfil my solemn duty to protect America and its citizens, the United States will withdraw from the Paris Climate Accord but begin negotiations to re-enter our way into Paris Accord.

“Or in really entirely new transaction or terms that are fair to the United States, its businesses, its workers, its people and its tax payers.

“So, we are getting out but we will start to negotiate and we would see if we could make a deal that is fair and if we can, that’s great and if we can’t, that’s fine. 

“As President, I can put no other consideration before the wellbeing of the American citizens. The Paris Climate Accord is simply the latest example of Washington entering into an agreement that disadvantages the United States. 

“For the exclusive benefits of other countries, leaving American workers, who I love, and tax payers to observe the cost in terms of job loss, low wages, shattered factories and vastly diminished economic production. 

“Thus, as of today, the United States would cease all implementation of the non-binding Paris Accord and the draconian financial and economic burdens the agreement imposes on our country. 

“This includes ending the implementation of the nationally determined contributions and very importantly, the Green Climate Fund, which is costing the United States a vast fortune."