Abstract. Cost-Risk Analysis (CRA), a hybrid of Cost-Effectiveness Analysis (CEA) and Cost-Benefit Analysis (CBA), has been proposed as an alternative to CEA as a decision criterion for evaluating climate policy. It weighs mitigation costs against associated risks of violating a predefined temperature guardrail, thereby enabling an analysis of otherwise infeasible temperature targets. Under CEA, delaying climate policy causes infeasibility of temperature targets which was resolved by the assessment under CRA. Indeed, CRA enables a quantitative evaluation of any delay scenario, thereby yielding information