The broad definition of risk involves quantitative and integrative understandings of risk . Risk is sometimes defined as the probability of a consequence, multiplied by the magnitude of that consequence, acknowledging both the diversity of possible consequences and the relevance of values. Yet it also applies in circumstances where probabilities cannot be fully quantified . For example, in some cases the probability and magnitude of consequences may be more uncertain, dependent on complex dimensions of the climate  or the vulnerability of different communities  . The determinants of risk vary dynamically through space and time . They interact, compound, and cascade .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report