The report looked at “major,” “severe,” and “extreme” scenarios. The authors found that the “major” case would cost the world $3 trillion over a five-year period, which they estimated has a 2.3% chance of happening per year. Over a 30-year period, those odds equate to about a 50% probability of occurrence — assuming the risks are not increasing each year, which they are.
I’ve stopped to fish where I can smell fish and been successful, but I always just assumed confirmation bias or pattern seeking was happening. Maybe I’ll have to pay more attention!