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.

a) 1 and 2 only

b) 3 only

c) 2 and 3 only

d) 1, 2 and 3