And there have been multiple climate related events in the last few years that were worse than the worst case models. (The heat wave in the US's pascific northwest last summer.) Others that are occurring way ahead of schedule - for instance, models predict the equatorial region having days of deadly heat by 2080, it happened in 2020.
So, any time you see a climate prediction put forth by a major institution, I would assume it's going to be too conservative. That has been our pattern so far.
Someone I know who used to work for a non-specific policy related group of scientists investigating something pretty important (pollution, the kind that gives your kids fucked up lungs not something relatively abstract like global warming) and that he was explicitly told (in response to a warning their data looked bad for the government) "That's awful, we must do something about it, in the meantime please lower the figure"
If the damn scientists would just shut up already, everything would be fine! /s