Explanation:

 Recently, the UN (United Nations) members agreed on a High Seas Treaty to ensure the protection and sustainable use of marine biodiversity of areas beyond national jurisdiction. Hence statement 1 is correct. o It was agreed during talks led by the UN during the Intergovernmental Conference (IGC) on Marine Biodiversity of Areas Beyond National Jurisdiction (BBNJ) in New York, the US. The treaty is yet to be formally adopted as members are yet to ratify it. Once adopted, the treaty will be legally binding. Hence statement 2 is not correct. x UN Treaty on the High Seas: o In 1982, the United Nations Convention on the Law of the Sea (UNCLOS), was adopted, which delineated rules to govern the oceans and the use of its resources. o However, there was no comprehensive legal framework that covered the high seas. o As climate change and global warming emerged as global concerns, a need was felt for an international legal framework to protect oceans and marine life. o The UNGA (United Nations General Assembly) decided in 2015 to develop a legally binding instrument within the framework of UNCLOS. Subsequently, the IGC was convened to frame a legal instrument on BBNJ. x Key Features: o Access and Benefit-sharing Committee to frame guidelines to carryout activities concerning marine genetic resources of areas on high seas exclusively for peaceful purposes. o All Signatories will have to conduct environmental impact assessments before the exploitation of marine resources o Consent from Indigenous Community: Marine resources in areas beyond national jurisdiction that are held by indigenous people and local communities can only be accessed with their “free, prior and informed consent or approval and involvement”. No State can claim its right over marine genetic resources of areas beyond national jurisdiction. Hence statement 3 is correct. o A special fund will be established as part of the pact which will be fixed by the conference of parties (COP). The COP will also oversee the functioning of the treaty.