COPENHAGEN  President Obama announced here on Friday night that five major nations, including the United States, had together forged a climate deal. He called it “an unprecedented breakthrough” but acknowledged that it still fell short of what was required to combat global warming.

The agreement addresses many of the issues that leaders came here to settle. But it has left many of the participants in the climate talks unhappy, from the Europeans, who now have the only binding carbon control regime in the world, to the delegates from the poorest nations, who objected to being left out of the critical negotiations.

By the early hours of Saturday, representatives of the 193 countries who have negotiated here for nearly two weeks had not yet approved the deal and there were signs they might not. But Mr. Obama, who left before the conference considered the accord because of a major storm descending on Washington, noted that the agreement was merely a political statement and not a legally binding treaty and might not need ratification by the entire conference.

The three-page accord that Mr. Obama negotiated with the leaders of China, India, Brazil and South Africa and then presented to the conference did not meet even the modest expectations that leaders set for this meeting, notably by failing to set a 2010 goal for reaching a binding international treaty to seal the provisions of the accord.