Consider the following statements about International Climate Initiative (IKI), which was in news recently:

1. It is a key financial instrument of the Australian government that funds international projects focused on climate change mitigation, adaptation, and biodiversity conservation in developing and emerging economies.
2. A core feature of the initiative is using nature to help human communities adapt to climate risks like floods and heatwaves.

Which of the above statements is/are correct?

Consider the following statements about Peatlands, which was in news recently:

1. They are terrestrial wetland ecosystems where waterlogged conditions prevent plant material from fully decomposing.
2. They cover about 30% of Earth’s land surface but are found in every climatic zone, from boreal regions to the tropics.

Which of the above statements is/are correct?