The United Nations will take part in a global meeting next year to assess how a new global climate change policy can also address the needs of the business community, it was announced today. The World Business Summit on Climate Change, which will take place next May in Copenhagen, Denmark, seeks to ensure that the successor pact to the Kyoto Protocol will provide the right incentives to slash greenhouse gas emissions.

Along with the UN Global Compact - the world body’s voluntary corporate citizen initiative - the gathering will be convened by the Copenhagen Climate Council, the World Business Council for Sustainable Development and the Pew Center on Global Climate Change.

Organizers expect hundreds of top executives, government officials, leading experts and heads of civil society to attend to assess how the private sector can play a role in addressing global warming through innovative business approaches, new joint ventures and the development of low-carbon technologies.

The World Business Summit is expected to produce recommendations to be forwarded onto world leaders negotiating a successor pact to the Kyoto Protocol, expiring in 2012. Those talks are scheduled to wrap up at a key UN Framework Convention on Climate Change (UNFCCC) in December 2009, also to take place in Copenhagen.