Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has released a report titled ‘Sustainable use of Wild Species.’ Highlight the significance of sustainable use of wild species. Also, enumerate the challenges associated with their sustainable use.

Answer: The report titled ‘Sustainable use of Wild Species’ released by IPBES provides analysis and tools to establish more sustainable use of wild species of plants, animals, fungi and algae around the world.

Significance of Sustainable Use of Wild Species

  • Provisioning Services: Wild species provide half of the world's seafood, a significant proportion of timber and energy, and remain a major source of protein, fiber and medicines for many communities.
  • Economic Significance: Wild species is an important source of income for millions of people worldwide. Wild tree species account for two thirds of global industrial roundwood; trade in wild ....
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