You can use a lower intensity green light than a red light, because our eyes evolved in a way that gives us the ability to see under extremely low levels of green light.
Something to do with forests and jungles, I believe.
That’s it. Your eyes are most sensitive to green so it doesn’t take much of it for you to be able to see something.
Then there’s the “dip” in sensitivity in the green part of the spectrum which most panchromatic film has, coincidentally or on purpose but it’s something to do with how the sensitizing dyes interact with differing colors of light.
But wait there’s more! You’re almost done developing when you peek. You’re not going to develop much longer, or you might stop right now. So even though you give a bit of fogging exposure, you aren’t “reducing” much of that silver halide you exposed to green into metallic silver.
Not done yet with all the reason green light is safe. The green safelight filter only allows 10% of the green light from a tiny 15 watt incandescent bulb at seven feet away.
All that is what makes green light reasonably safe, even though it’s not truly safe.