Negotiators across the globe held discussions beyond the schedule of the climate conference on Friday night in Copenhagen to hammer out a final agreement to effectively deal with global warming. Many representatives of the poor countries said that there is little possibility of a consensus on the deal reached between the US and emerging economies. Hours after hectic discussions at the climate summit, US and BASIC countries – Brazil, South Africa, India and China – are believed to have reached a legally non-binding deal. It calls for transparency in emission cuts, mitigation targets and finance forms as the basis of the common approach. The final shape of the pact is not yet known as the Prime Minister’s Special Envoy Syham Saran is still holding discussions with other counter parts on the text of the pact. But it has been opposed by several developing countries. They maintain that it was legally non-binding and set no target for curbing carbon emissions.The announcement of the pact was made by the US President Barack Obama after extended talks. German Chancellor Angela Merkel and British Prime Minister Gordon Brown accepted the Copenhagen climate deal, but said they wanted more.Meanwhile, a draft declaration by the conference secretariat proposes setting up of a climate development. It also advocates establishing technology mechanism to accelerate its development and transfer technology for mitigation purposes. It also proposes setting up of a high level panel to study the contribution of potential sources of revenue and calls for assessment of the implementation of this accord to be completed by 2015.