An aerial view of the nearby town of St Ives near The Carbis Bay Estate hotel and beach, which is set to be the main venue for the upcoming G7 summit, will be taken from a drone on June 2, 2021 in St Ives, Cornwall seen.

Matt Cardy | Getty Images News | Getty Images

LONDON – The Heads of State or Government of the Group of Seven (G-7) economies are about to hold a three-day summit in the UK that will focus on climate change, the economy, the coronavirus pandemic and geopolitics.

CNBC has a quick guide to everything you need to know about the summit:

What’s happening?

From June 11th to 13th (Friday to Sunday) the heads of state or government of seven of the world’s most advanced economies will meet in Cornwall, in the south-west of England.

The heads of state and government will discuss common challenges, from the pandemic to vaccines to climate change, and “ensuring that people everywhere can benefit from open trade, technological change and scientific discovery,” according to the UK government.

It is the first personal G-7 summit in almost two years. The UK wants “leaders to seize the opportunity to better recover from the coronavirus and unite to make the future fairer, greener and more prosperous”.

The Cornish Arms public house, adorned with the flags of the G7, near the site of the upcoming Summit of the Group of Seven Chiefs

Bloomberg | Bloomberg | Getty Images

Who will be there

The big names at the summit are undoubtedly the leaders of the G-7, which consists of Great Britain, Canada, France, Germany, Italy, Japan and the USA. The EU, which sends the Presidents of the European Commission and the European Commission, is also taking part part.

The summit is considered to be one of the few forums where the world’s most influential societies and advanced economies come together for close discussions.

This year, Australia, India and South Korea were invited as host countries “to deepen the knowledge and experience at the table,” stated the British government.

The heads of state or government attending the summit represent over 60% of the people living in democracies around the world and represent over 2.2 billion people and more than half of the world economy.

US President Joe Biden (L) and US First Lady Jill Biden leave Air Force One upon their arrival at Royal Air Force Mildenhall, England on June 9, 2021, ahead of the three-day G-7 summit.

BRENDAN SMIALOWSKI | AFP | Getty Images

Where is it?

The UK is hosting the summit as it currently holds the rotating presidency of the G-7. This year’s meeting will take place in the coastal town of Carbis Bay in Cornwall, the most south-westerly region of England and a popular holiday destination for the British.

G-7 leaders meet at the Carbis Bay Hotel & Estate, with security on site and around as tight as you’d expect from global leaders. A high-security zone with concrete barriers and armed police has been set up around the hotel and the area around Tregenna Castle, where the G-7 leaders will be staying.

Entire streets in Carbis Bay and near St. Ives saw security fences erected and an influx of police and police pulled in for the event with more than 5,500 police officers in Carbis Bay and St. Ives. Search and security checks, as well as widespread security fences blocking entire streets, have caused resentment among locals who say they have been “locked up,” local media reports.

The Carbis Bay Estate Hotel and Strand, set to be the main venue for the upcoming G7 Summit, will be seen from the beach on June 2nd, 2021 in St Ives, Cornwall.

Matt Cardy | Getty Images News | Getty Images

Despite the beautiful coastline and landscape that will serve as the backdrop for the recent G-7 meeting, Cornwall is one of the poorest regions in Britain and heavily dependent on agriculture and seasonal tourism.

Unemployment more than doubled in the region during the pandemic and the UK government has pledged millions of pounds of long-term investments in the region as part of a G-7 legacy. It is hoped that the high profile event and the increase in future tourism will result in an economic boost of around £ 50 million ($ 70.5 million) for Cornwall.

Police officers patrol the beach in front of the Carbis Bay Hotel, home of the G7 summit conferences, in Carbis Bay, Cornwall on June 03, 2021.

Hugh Hastings | Getty Images News | Getty Images

What are the talking points?

The UK is hosting the G-7 at a critical time for the world as major economies seek to vaccinate themselves out of the pandemic and move back to other crucial and urgent issues, such as promoting free trade and tackling climate change in the lead-up to the COP26 November the UN climate conference, in which Great Britain also takes part.

At the G-7 summit in 2021, Great Britain hopes to unite the group under the slogan “Build back better” after the destruction of the Covid-19 pandemic. She wants the G-7 to do this by:

  • Leading the global recovery from coronavirus while strengthening our resilience to future pandemics (the UK is also expected to urge other G7 leaders to make specific commitments to vaccinate the world against coronavirus by the end of 2022).
  • Promote our future prosperity by advocating free and fair trade.
  • Combating climate change and preserving the planet’s biodiversity.
  • Stand up for our common values.

Given ongoing dissatisfaction with Russia’s destabilizing measures (and the prospect of further sanctions against the country) and China’s trade policy, it is widely expected that Russia and China will be topics of conversation at the G-7 summit.

Both countries are likely to take part in discussions at other summit meetings that are closely linked to the G-7: On June 14th there will be a meeting of NATO allies in Brussels, an EU-US summit on June 15th for Russian President Vladimir Putin to meet.

US President Joe Biden prepares to address US Air Force personnel and their families on June 9, 2021 ahead of the three-day G-7 Summit at the Royal Air Force Mildenhall, Suffolk, England.

BRENDAN SMIALOWSKI | AFP | Getty Images

Will there be any action?

Like other major meetings of world leaders, the G-7 summits can often be criticized as nothing more than talking shop for changes that are never realized.

The lack of powers such as China and Russia (which was suspended from the group and then left itself after the annexation of Crimea in 2014) has also led to criticism that the group excludes countries it should involve in decision-making on world affairs .

Others, more generous to the format, say it is an opportunity for discussion and decision-making about global collective action and collaboration.

British Prime Minister Boris Johnson defended the format in the run-up to the summit, noting that “the G7, as the most prominent grouping of democratic countries in a long time, has been the catalyst for decisive international action to address the greatest challenges we face”.

British Prime Minister Boris Johnson will chair a UN Security Council meeting on February 23, 2021 in London on climate and security in the Foreign, Commonwealth and Development Office. Great Britain holds the rotating presidency of the Security Council and is hosting this year’s UN climate summit COP26 in Glasgow.

Stefan Rousseau – WPA Pool | Getty Images News | Getty Images

“From debt cancellation for developing countries to our universal condemnation of Russia’s annexation of Crimea, the world has made sure that the G7 uses our common values ​​and diplomatic power to create a more open and prosperous planet.”

“Coronavirus is undoubtedly the most destructive force we have seen in generations and the greatest test of the modern world order that we have seen. It’s only right that we approach the challenge of building better by uniting with a spirit of openness to create better. “Future,” Johnson said.