“…They argue that bioeconomy or eco‐industrial development has the potential to provide solutions for some of the most pressing sustainability challenges including combating hunger (SDG 2), providing clean and affordable energy (SDG 7) and the fight against climate change (SDG 13) (El‐Chichakli, von Braun, Lang, Barben, & Philp, 2016). Critics of the bioeconomy approach, for example, argue that an increasing reliance on biomass—for example, to substitute fossil fuel resources—has the potential to exacerbate pressures on natural resources while also accelerating biodiversity loss and land degradation in biomass supplier countries (Biber‐Freudenberger et al, 2018; Escobar, Haddad, Börner, & Britz, 2018; Rajeswar, 2010). Furthermore, it is pointed out that bioeconomic growth might not be able to solve or will not even contribute to alleviate classical development challenges related, for example, to unequal societal distribution of benefits from economic activities as long as these concerns are not being properly targeted by appropriate policies (Förster et al, 2020; Kleinschmit et al, 2017).…”