Explanation:

Recently, the International Coral Reef Initiative (ICRI) said it would secure public and private investment to help conserve and restore coral ecosystems.

• It was launched in 1994 by Australia, France, Japan, Jamaica, the Philippines, Sweden, Britain and the United States.

• Its members now include 45 countries that represent three quarters of the world’s coral reefs.

• India is also a member country of this initiative.

• It is a global partnership between Nations and organizations which strives to preserve coral reefs and related ecosystems around the world.

• Its decisions are not binding on its members.

• The work of ICRI is regularly acknowledged in United Nations documents, highlighting the Initiative’s important cooperation, collaboration and advocacy role within the international arena.

Objectives

• Encourage the adoption of best practice in sustainable management of coral reefs and associated ecosystems

• Build capacity

• Raise awareness at all levels on the plight of coral reefs around the world.

• It is not an initiative of the United Nations Environment Programme.

Hence only statement 2nd is correct.