With reference to an initiative called The Economics of Ecosystems and Biodiversity (TEEB)', which of the following statements is/are correct? 1. It is an initiative hosted by UNEP, IMF and World Economic Forum. 2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. 3. It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity. Select the correct answer using the code given below.

1. Statement 1 is incorrect. The Economics of Ecosystems and Biodiversity (TEEB) initiative is hosted by the United Nations Environment Programme (UNEP). While it involves collaboration with numerous partners, it is not jointly hosted by the IMF or the World Economic Forum. 2. Statement 2 is correct. TEEB is a global initiative that explicitly focuses on drawing attention to the economic benefits of biodiversity and highlighting the costs of biodiversity loss and ecosystem degradation. 3. Statement 3 is correct. A core aim of TEEB is to develop and present methodologies and frameworks (an approach) that help decision-makers at various levels (policy, business, etc.) to recognize, demonstrate, and capture the often-overlooked economic value of ecosystems and biodiversity.