Correction to: Nature Climate Change https://doi.org/10.1038/s41558-021-01089-4, published online 12 July 2021

In the version of this Article initially published, in the first sentence of the second paragraph of the section titled “Blue carbon wealth redistribution,” there was an error. In the sentence reading: “The five donor countries that generate the largest blue carbon wealth surpluses are, in addition to Australia: Indonesia, Cuba, Russia and Papua New Guinea,” the country Papua New Guinea should instead have read as “Guinea-Bissau.”

The error has been corrected in the online version of this article.