The text drafted by New Zealand has been circulated to the 15 Security Council members, as well as Israel and the Palestinians, diplomats said yesterday.
The measure is the latest attempt by the UN's top body to try to forge a consensus on the way forward in the Middle East peace process amid a new flareup of violence.
The draft resolution calls on Israelis and the Palestinians to end the violence, prepare for peace talks and declares the two-state solution to be the "only credible pathway to peace", according to the text seen by AFP.
The 10-point measure calls on both sides to refrain from action that could undermine the peace effort "including continued expansion of settlements and demolition of Palestinian homes in the occupied territories."
It also demands a halt to "referring a situation concerning Israel or the occupied Palestinian territories to the International Criminal Court" after the Palestinians joined the ICC this year.
New Zealand's Foreign Minister Murray McCully told the Security Council last week of his plan to present a draft resolution that he said could help "stimulate a level of debate" on the crisis.
The council has not adopted a resolution on the Israeli-Palestinian peace process since 2009 and its last formal statement dates back to September 17 when it called for calm at Jerusalem's flashpoint Al-Aqsa mosque.
A spate of protests and attacks in Jerusalem has eased, but tensions are now concentrated in the West Bank city of Hebron, where near-daily clashes pit youths against Israeli soldiers.
World leaders desperately want to revive Israeli-Palestinian peace talks that collapsed in April 2014, to avoid a deeper slide into violence that many fear could lead to a third Palestinian intifada.
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