On the eve of the Spring European Council 2008, police was securising the area of the Council building. In the interior, all was ready to receive the journalists that would cover the event. The Council focused on economic issues and special attention went to the launch of the second cycle of the renewed Lisbon Strategy for growth and jobs. The Heads of State and Government also addressed the stability of financial markets. Climate change and energy were also on the top of the agenda. EU leaders were expected to reiterate their commitment to deliver on two main goals by 2020: to reduce CO2 emissions by 20 percent compared to 1990 levels and to boost the share of renewable energy sources consumption by 20 percent. They avoided the discussions on the burden sharing for each Member State. However, the debate was expected to be spiced up by the proposal of establishing an auctioning system, under which industry would be forced to purchase the right to emit carbon dioxide by auction. Finally, Heads of State and Government discussed the proposal for the Union for the Mediterranean.
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