This document discusses the European Union's preparations for the Rio+20 conference on sustainable development. It outlines the EU's goals of promoting a green economy and reinforced governance. Specifically, the EU aims to: 1) invest in sustainable management of key resources like water and energy, 2) establish market and regulatory conditions to stimulate green growth, and 3) improve governance and private sector involvement in sustainable development. The EU proposes various actions and partnerships to achieve these goals in the lead up to and at the Rio+20 conference.