21:19

Tim Gore, Oxfam’s head of policy, says the “main area of progress are definitely on finance. That seems to be a big step forward. There are some strong changes to the text that will increase finance from rich countries towards the $100bn target for 2020.”

He notes, with a raised eyebrow, that human rights have been purged from the text completely just one day after gender equality was stripped.

On loss and damage - which could open rich countries up to compensation claims for climate change related disasters - Gore said the language was “legalistic”. Which means it will likely be argued over “not just tonight, but for some years to come” if it stays the same in a ratified agreement.

Gore said the high ambition coalition, which emerged this week, seemed to have had little impact on the text.

He said the coalition had wanted to focus on the “ratchet mechanism”, which will make the agreement stronger over the coming years.

“So far we can’t see much reflection of that in the text,” he said.