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.

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