Abbas doesn't want peace with Israel. He wants all of Israel

NY Times:

Kushner Questions Abbas’s Ability to Make Peace

Jared Kushner, President Trump’s son-in-law and Middle East adviser, said that the U.S. would roll out its peace plan even if the Palestinian Authority president, Mahmoud Abbas, remained on the sidelines.
The Palestinians have passed up more good leads than they deserve already.  Their leaders do not want peace with Israel.  They want to destroy it.  It stems from their ethnic and religious bigotry.  Some Muslims have never forgiven the Jews for rejecting Islam.

Even if Abbas wanted a deal it is unlikely he could survive making one.  There are too many Palestinians who have been taught to hate Israel and they would likely kill any leader who made a deal with them. 

The problem has been compounded by the UN and others have given them permanent refugee status which has made them a beggar culture that produces little of value.  If they had to make it on their own they would have difficulty surviving because they know little besides hate.

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