Explanation:

Only statements 1&2 are correct.
Coral Triangle

• A report recently released at the 16th Conference of Parties (COP16) to the Convention on Biological Diversity highlights the fossil fuel threats and impacts on biodiversity and communities at Coral Triangle.

• The Coral Triangle is often referred to as the ‘Amazon of the seas’, is a huge marine area spanning over 10 million square kilometres.

• It is a vital marine region spanning 6 countries that include: Indonesia, Malaysia, the Philippines, Papua New Guinea, Solomon Islands and Timor-Leste

• Significance – This region is home to 76% of the world’s coral species and supports more than 120 million people who rely on its resources for their livelihoods.

• The Coral Triangle is the most diverse and biologically complex marine ecosystem on the planet.

• Issues – More than 100 offshore oil and gas blocks are currently in operation in the Coral Triangle, covering over 120,000 square kilometres, which is about 1% of the Triangle.

International Coral Reef Initiative (ICRI)

• The International Coral Reef Initiative (ICRI) is a global partnership between Nations and organizations which strives to preserve coral reefs and related ecosystems around the world.

• Members – ICRI Members include a mix of governments, non-governmental organisations and international organisations.

• At present, ICRI has over 102 members, including 45 countries custodians of 75% of the world’s coral reefs.

• India is one of the members of the ICRI but not a founding member of it.

Hence option 2nd is correct.