Final answer:
Sustenance forest product utilization is significant for biodiversity conservation, providing economic benefits to local communities, contributing to carbon sequestration, and promoting sustainable resource management.
Step-by-step explanation:
The significance of sustenance forest product utilization encompasses a range of benefits, addressing ecological, economic, and social aspects. Biodiversity conservation is essential since diversified forests support a wide range of species and ecological processes, which are critical for ecosystem services, such as pollination and seed dispersal. This conservation helps in maintaining intact functioning ecosystems that are crucial for the livelihoods of native people and the environment.
Economic benefits for local communities cannot be overlooked as forest products provide essential income for communities, with at least 300 million rural poor in tropical countries depending on them. Sustenance forest product utilization contributes to sustainable resource management, allowing the integration of human needs with ecological stewardship. Moreover, forests act as carbon sinks, hence their utilization in sustainable ways contributes to carbon sequestration and the mitigation of climate change effects.