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November 10, 2021 GMT

“Without financial support little can be done to minimize its debilitating effects for vulnerable communities around the world,” Mohammed Nasheed, the Maldives’ parliamentary speaker and the ambassador for a group of dozens of countries most vulnerable to climate change, said in a statement.

He said the draft fails on key issues, including the financial aid and strong emission cuts.

“There’s much more that needs to be done on climate finance to give developing countries what they need coming out of here,” said Alden Meyer, a long-time conference observer, of the European think-tank E3G.

The document reaffirms the goals set in Paris in 2015 of limiting warming to “well below” 2 degrees Celsius (3.6 degrees Fahrenheit) since pre-industrial times, with a more stringent target of trying to keep warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) preferred because that would keep damage from climate change “much lower.”