Copenhagen, Dec 17 (PTI) India today said "sustained pressure" applied by the developing countries had led to the resumption of the two-track climate negotiations here, hours after the process appeared floundering as a group of developed nations worked on a secret document.
Environment Minister Jairam Ramesh said the negotiations had resumed on the two track process, even as he hailed the US announcement on a USD 100 billion annual financing fund as a "very important step".
"I think one good thing happened today, the negotiations have resumed on the two track process. I think the sustained pressure brought to bear by the developing countries has paid off," he said later.
He said India has a 75 per cent agreement with the US on "transparency" while 25 per cent disagreement (rpt) disagreement on "Monitoring, Reporting and Verification".