Important to understand that these projections have in fact gone down in the last decade, due to the unexpectedly quick roll-out of solar and battery tech.
1.5 was never going to happen, but between ~~2~~ 2.5 and 5 there's still everything to play for. And ~~2~~ 2.5 will look an awful lot better than 5.
PS: realistically, 2's not happening either. But the point is that runaway warming is not a certainty and every bit of progress will count.