The party's Climate Change Spokesperson Mark H Durkan said the transition which has been agreed for the first time, is not as ambitious as it should be in order to combat climate catastrophe.
The agreement cites the deep, rapid and sustained reductions of fossil fuels in order to limit temperature rises to 1.5C above pre-industrial levels.
Mr Durkan has said that for three decades the UN has highlighted the burning of fossil fuels as the main contributor of global warming, however, carbon emissions are still rising. He said that although the agreed deal is "a step in the right direction" they are "nowhere near the level of ambition that’s needed in order to tackle the climate emergency".
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The Foyle MLA added that the agreement "echoes that of COP26, once again conceding to India and China's objections, with a failure to quantify goals around the transition away from fossil fuels".
In a statement, Mr Durkan said:
"Without established targets this commitment is weak and riddled with loopholes. Stopping the use of fossil fuels won't be easy and countries need to have a watertight plan to fully support a just transition, but it's the only option we have in order to save our planet. There is no Planet B.
"We owe it to the next generation to make the tough decisions now, to make a radical worldwide plan and to introduce strategies which will create new green jobs and create a corporate green levy on large companies to assist the funding of climate action. Sadly, Northern Ireland’s record on climate emergency has been a series of missed and delayed opportunities. It is beyond lamentable that once again we aren’t represented on the world stage as part of these vital talks on the biggest issue facing this generation and every government across the globe; no Executive means no minister to voice our views.
"The SDLP will continue to fight to ensure that the climate emergency remains top of the agenda both at the Assembly and Westminster. We all have a role to play to protect and secure the future of our planet."
