NUSA DUA, INDONESIA - The European Union threatened today to boycott President Bush’s climate summit in Hawaii next month if the United States doesn’t allow specific targets for carbon emission reduction to be included in a draft text being prepared at a summit here this week. The text is a road map for negotiations to replace the 1997 Kyoto Protocol, which expires in 2012, and it called for industrialized countries to reduce emissions 25% to 40% below 1990 levels by 2020. The U.S., however, has been adamant that the targets not be included. The Hawaii talks, known as the Major Economies Meeting on Energy Security and Climate Change, will be meaningless if no targets are included in the Bali text, said Humberto Rosa, chief negotiator from Portugal, which holds the rotating EU presidency. ‘No result in Bali means no Major Economies Meeting,’ said Sigmar Gabriel of Germany, a top EU environment official. ‘This is the clear position of the EU. I do not know what we should talk about if there is no target.’ Bush proposed the meeting of the world’s 17 biggest polluters in September when he skipped an assembly of 80 world leaders convened […]