KATOWICE, Poland | Exhausted officials from almost 200 countries faced another day of negotiations at the U.N. climate talks to bridge their final remaining differences as small island nations on Friday demanded an ambitious stance against global warming.

The talks in Poland were supposed to conclude Friday, but Michal Kurtyka, a senior Polish official chairing the negotiations, told delegates to resume talks on a revised draft text at 4 a.m. Saturday.

Executive Secretary of UN Climate Change Patricia Espinosa, left, and UN Secretary General, Antonio Guterres ,right, attend the COP24 summit in Katowice, Poland, Friday, Dec. 14, 2018. (AP Photo/Czarek Sokolowski)

“Polish Presidency informs that a preliminary version of the package implementing the Paris Agreement has been worked out. Several days of intensive work has produced results in the form of closing particular areas,” the statement said.

The text was being consulted upon with various negotiating groups, the statement said.

After two weeks of discussions in the southern Polish city, diplomats were close to agreement on the rules that govern the 2015 Paris climate accord. These include how countries should transparently report both their greenhouse gases emissions and their efforts to reduce them.

Scientists say global emissions need to drop dramatically by 2030 and reach near-zero by 2050 in order to prevent the potentially catastrophic consequences for life on Earth.

A recent report by the Intergovernmental Panel on Climate Change concluded that it’s possible to cap global warming at 2.7 degrees Fahrenheit higher by the end of the century compared to pre-industrial times. That’s the lower end of the 2.7-3.6 degrees F scale mentioned in the Paris accord.

However, this would require a drastic overhaul of the global economy, including ending the use of almost all fossil fuels.

The United States, Russia, Saudi Arabia and Kuwait have refused to “welcome” the IPCC report, angering other countries and environmentalists.

Former Maldives President Mohamed Nasheed warned that nations such as his, which consider themselves on the front lines of global warming, would veto the current draft because it lacks a clear commitment to the 1.5 C-target.

If necessary, we will rebel against the negotiations,” Nasheed told reporters.

Another issue haunting negotiators is the rules for an international market in carbon credits.

The clash pits emerging economies such as Brazil — which amassed large piles of carbon credits under the 1997 Kyoto treaty’s rules — against industrial countries such as those in the European Union, which believe the older credits aren’t worth the paper they were printed on.

Economists believe a functioning carbon trading system could be an effective way to drive down emissions and raise large amounts of money for measures to curb global warming.

Alex Hanafi, lead counsel at the New York-based Environmental Defense Fund, said Brazil was trying to weaken the rules in such a way that would allow countries to count their emissions reductions twice, undermining the carbon markets.

The Associated Press is an independent, not-for-profit news cooperative of 1,300 newspapers, including The Sentinel, headquartered in New York City. News teams in over 100 countries tell the world’s...