Delegates from both the vulnerable nations and some major economies have agreed on 18 points, with China the biggest of them.
Significantly all the signatories have registered their alarm at the impact of climate change.
Evan Wasuka reports from Tarawa.
Presenter: Evan Wasuka
Anote Tong, President of Kiribati; Colonel Samuela Saumatua, Fiji Environment Minister.
WASUKA: The Ambo Declaration in essence doesn't break any new ground but its strength is that it weaves together an agreement between a diverse number of countries.
The big name in this declaration is China.
Kiribati's President Anote Tong says the Ambo Declaration reaffirms the stance of Pacific Island nations and those of vulnerable countries ahead of the climate change talks in Cancun.
TONG: It's a set of declarations which we'll be taking to Cancun. What is particularly encouraging is it includes not only the small islands and states, the vulnerable countries, but also the developed countries in the region, including Australia and New Zealand. I'm also very happy to say that China is also part of the declaration, and this is particularly welcome given the fact that the position of China has been one that is very difficult to pin down in terms of the wider negotiations. Most of the issues, some of which were common ground, some of which were as the minister just said were very sensitive issues indeed, and the issues which up to now, I mean the conference, the UNFCCC has not been able to resolve. Our expectation is these declarations will contribute hopefully to some positive steps forward namely at Cancun in Mexico.
WASUKA: But President Tong said he was disappointed that the United States and the United Kingdom opted out of the declaration by taking up observer status.
TONG: I guess I'm not surprised but I remain disappointed. I would have liked to have seen some firmer commitment, I'm sure we all wished to see that, and I think we were all disappointed that they did not come really to discuss but merely to observe.
WASUKA: One of the bigger issues raised during the meeting has been the need for adaptation funds.
President Tong says the Ambo Declaration highlights the urgency of this situation
TONG: But I think what the Ambo Declaration has said is that it is urgent, it's got to be accessible, we don't talk about it, we must do it. And I think that's basically been the desire of countries on the frontline which are facing the problem, and it's the desire to see that actually taking place, even before Mexico. But very certainly, shortly after Mexico.
WASUKA: With the Tarawa Climate Change Conference over, Kiribati has been praised for hosting a successful conference.
Fiji's Environment Minister Colonel Samuela Saumatua says the location of the meeting was ideal for dialogue.
He described the atmosphere as unlike anything he had experienced at previous climate change talks.
SAUMATUA: And one thing I've note is that the spirit of discussion was very helpful, very Pacific. And it's a far cry from Copenhagen, and here people suggested things, instead of saying you can't have that, they said it may be better to look at it this way. So that's the spirit of things.