Which of the following is/are correct? 1. The Global Carbon Budget 2024 is released by the IPCC. 2. It tracks global CO2 emissions and sinks. Select the answer using the codes given below:

Global Carbon Budget

• The Global Carbon Budget is an annual assessment published by the Global Carbon Project, an international research consortium, and not by the Intergovernmental Panel on Climate Change (IPCC). Hence, statement 1 is incorrect.
• The IPCC is the UN body set up by WMO and UNEP in 1988 which prepares periodic Assessment Reports on the state of climate science.
• The Global Carbon Budget quantifies annual carbon dioxide emissions from fossil fuels and land-use change and the uptake of carbon by the land and ocean sinks, along with the growth of atmospheric CO2. Hence, statement 2 is correct.
• The Global Carbon Budget 2024 reported record high fossil CO2 emissions, with India among the countries showing a significant rise in emissions.