Concept:
Luminescence is the emission of light without producing high temperature. Different types depend upon the source of excitation.
Step 1:
Glow worms emit light due to a chemical reaction occurring inside their bodies.
Step 2:
When light is produced as a result of a chemical reaction, it is called:
\[
\text{Chemiluminescence}
\]
Step 3:
• Phosphorescence: delayed emission after absorption of light
• Fluorescence: immediate emission after excitation
• Quenching: reduction of fluorescence intensity
Thus these are not suitable for glow worms.
Step 4:
Hence cold light emission by glow worms is:
\[
\boxed{\text{Chemiluminescence}}
\]
\[
\boxed{\text{Correct Option = (1)}}
\]