Consider the following statements with respect to the Kyoto protocol :

1. It operationalizes the United Nations Framework Convention on Climate Change (UNFCCC).

2. It is binding on developed countries.

3. Countries with commitments under the Kyoto Protocol can acquire emission units from other countries with commitments under the Protocol and use them towards meeting a part of their targets. 

Which of the statements given above are correct?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3 

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