For this reason, a number of limitations in IMPACT’S economic module need to be highlighted in the context of the present work. As a consequence, scenarios for the (long-term) future cannot be seen as forecasts and should be interpreted with caution. The actual effects of exogenous shocks such as climate change may be quite different from the results produced by these models. Furthermore, the exact behaviour of farmers, industries and consumers in the future is impossible to predict, and technological developments may occur differently from current expectations.