With reference to the United Nations Framework Convention on Climate Change (UNFCCC) and its Conference of the Parties (COP), consider the following statements:


1. The Conference of the Parties (COP) is the supreme decision-making body of the Convention that meets annually to assess global progress in dealing with climate change.


2. In the UNFCCC process, substantive decisions at the Conference of the Parties are adopted by a two-thirds majority vote of the members present and voting.


Which of the statements given above is/are correct?