The leaders of the G7, along with European Council President Donald Tusk and President of the European Commission Jean-Claude Juncker, held a round table discussion on climate change at Schloss Elmau in Bavaria, Monday, as the second and final day of the G7 summit commenced. G7 leaders are attempting to shore up their climate change policy ahead of the Paris conference in December. While there is a general consensus among the leaders regarding climate change policy, issues of domestic legislation and budgeting must be circumvented before the meeting in Paris for a working agreement on reducing emissions to come into action. French President Francois Hollande is adamant that success in the Paris can only come if a unified and workable strategy is formalised prior to the meeting. Both German Chancellor Angela Merkel and US President Barack Obama have made ecological reforms part of their political platforms, stating that they will radically reduce emissions as part of their election campaigns. The heads of state and government of all G7 nations - Canada, France, Germany, Italy, Japan, the UK and the USA - are present for the two-day summit. This year's gathering is estimated to cost just over €130 million ($144 million) according to official figures; while the German Taxpayers Federation believes it may cost the German state close to €360 million ($400 million). The G7, formerly known as the G8, excluded Russia from the group of industrialised democracies in March 2014, citing its reunification with Crimea and the conflict in eastern Ukraine as the principle reasons.
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