Risk in the context of climate change impacts

In the context of climate change impacts, risks result from dynamic interactions between climate-related hazards with the exposure and vulnerability of the affected human or ecological system to the hazards. Hazards, exposure and vulnerability may each be subject to uncertainty in terms of magnitude and likelihood of occurrence, and each may change over time and space due to socio-economic changes and human decision-making (see also risk management, adaptation, mitigation). (IPCC-2021, AR6-WGI; IPCC-2022, AR6-WGII & WGIII)