An Eiffel Tower made of bistro chairs is seen covered in messages related to climate change at COP21, the United Nations conference on climate change in Le Bourget, France.

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Le Bourget, France CNN  — 

It’s crunch time for the fight against global warming.

And, despite ongoing conflict and uncertainty at the U.N. climate change summit here in Paris, optimism is still running high.

“It’s time to come to an agreement,” French Foreign Minister Laurent Fabius, who is presiding over this process, said in a meeting late Thursday night.

“We must do this, and we can do this,” he added. “I think, dear friends, that we will make it.”

They won’t make it on time, though. Fabius, who serves as the president of the 21st Conference of Parties, or COP21, had wanted all 195 countries here to agree upon a legally binding framework for cutting carbon pollution by Friday at 6 p.m. in Paris.

On Friday morning, however, Fabius told reporters that negotiators were not likely to reach an agreement until Saturday, according to CNN affiliate BFM.

Weary negotiators have been working overnight to create a deal that would be the culmination of more than two decades of work on climate change.

The outcome of the agreement could help determine the fate of the planet.

And success may lie with a relatively little-known group called the “High Ambition Coalition.”

Their members come from countries large and small, rich and poor.

Yet they’ve come together – these government ministers from 100 or so nations – to try to get the world to do the impossible: Ditch fossil fuels. They want to see pollution cut so rapidly that we actually may be able to avoid the most disastrous effects of climate change, including super droughts, deadlier heat waves, mass extinctions of plants and animals, mega-floods and rising seas that could wipe some island countries off the map.

This broad group of countries, which includes the United States and EU as well as developing nations in Africa, Latin America and the Pacific Islands, isn’t an official negotiating body at the U.N. conference. But has rallied broad support for trying to squeeze as much “ambition” out of the process as possible.

This is key if the agreement reached is going to actually be “universal, legally binding, ambitious, fair and lasting,” as Fabius contends it should be.

“If you want to be on the right side of history on climate change you need to stand for some basic principles,” said Jake Schmidt, a climate expert at the Natural Resources Defense Council. “They’re trying to show other countries that there’s a significant group that wants to be in this camp.”

Many members of this alliance are pushing for climate goals that would have been unthinkable only weeks ago. Among them: a 1.5 degree Celsius limit for warming since the industrial revolution.

For years, 2 degrees Celsius has been the de facto number at the center of international climate talks. Now countries from the United States to Germany, Canada and the Marshall Islands are supporting this more-stringent goal as part of the agreement; and that wording appears in the latest draft of the accord.

That may sound insignificant to you, but I’m sure it doesn’t to Tony de Brum, the foreign minister of the Marshall Islands, a country that scientists say likely won’t exist if temperatures warm 2 degrees. The islands, in the distant Pacific Ocean, are so low to the water that rising ocean levels could drown them entirely.

“There is a clear recognition that the world must work towards limiting warming to below 1.5 degrees Celsius, and that it would be much safer to do so,” de Brum said in a statement issued early Friday. “With this, I would be able to go home and tell my people that our chance for survival is not lost.”

That language is strong.

But it doesn’t guarantee these climate talks will succeed.

Many others – notably the Copenhagen talks in 2009 – have failed miserably.

There are serious questions about whether the 1.5 degree goal is achievable without new technology.

And, there are two notable countries – India and China – who aren’t members of the High Ambition Coalition.

China is the world’s biggest annual polluter of greenhouses gases. Beijing, the capital, is covered in smog this week – so much that the government issued its first “red alert” for air pollution, canceling schools, taking cars off the road and generally reminding everyone in the world of the consequences of our dirty energy economy. So far, China has been an enthusiastic participant in the climate talks, but that always could change.

Other countries, like Saudi Arabia, Malaysia and Venezuela, are seen as wild cards that could try to derail the process – seeking to drastically scale down these ambitions or rejecting the process entirely.

Not every single country’s approval is needed in order to forge an agreement, said Jennifer Morgan, global director of the climate change program at the World Resources Institute.

But it would need to be almost all of them, she said. One small objector standing alone might not cancel the deal, in other words, but a single high-level hold-out like China or India could ruin things.

“The way the French have played this it’s really all or nothing,” she told me.

Negotiators from all 195 countries were expected to be conducting meetings throughout the night on Thursday and into Friday morning to try to hammer out some points of discord. Among them, according to observers: whether there would be reparations paid to countries that will see irreparable damage from climate change but have done almost nothing to cause it; and if and how countries will have their pollution-reduction efforts monitored. After working through most of the night, the parties will reconvene on Friday. The president of COP21 is expected to release a new and final version of the draft agreement then.

That’s when the world’s true ambitions for fighting climate change will become clear.

Let’s hope that all countries – not just those who have signed onto the sunny climate coalition with a rhyme-y name – come into these final hours of meetings with their ambitions set incredibly high.

Future generations will be looking back on this historic moment.

Let’s not give them cause to judge us harshly.

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