Uncertainty in what constitutes a risk of concern is increasingly identified as important to consider when managing risk . The uncertainty here arises from what is an acceptable risk. Acceptability relates to the value or importance of the consequence, which may include moral and ethical uncertainties , as well as how ambiguous the understanding of the consequence may be between different groups . The development of strategies to ameliorate risk will benefit from considering these two uncertainties in specifying the risk to be managed  because they can help set boundaries on a required likelihood of success, rather than simply casting stakeholders or decision makers as risk averse or risk tolerant, and can help identify and accept pathways of success . This can be important when decisions need to be made well in advance of the actions needing to take effect, such as for many climate risks .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report