These two options probably won’t stop the Palestinian statehood drive, but will allow Netanyahu to keep his coalition.
Offer Palestinian authority expanded jurisdiction over West Bank territory
Advantages: Israel could expand the Palestinian Authority’s rule by transferring parts of the West Bank to their control. Right-wing backers would grumble, but would ultimately stick with him.
Disadvantages: The gesture isn’t likely to be enough to persuade the Palestinians to abandon its plan to declare statehood at the UN and return to talks.
Diplomatic pushback against Palestinian statehood:
Advantages: Lobbying European nations to oppose the statehood resolution could deny the Palestinians of the support of international players like Germany and France. Alternatively, Israel could push for the resolution to be watered down.
Disadvantages: Even if Israel could persuade the European countries, Israel would still lose the vote at the UN's General Assembly, which includes all 192 members of the international body. Israel would expose the US to isolation at the UN.