Correction to: Nature Climate Change https://doi.org/10.1038/s41558-024-02073-4, published online 12 August 2024.

In the version of the article initially published, there was a typographical error in the main text and an error in Extended Data Fig. 1. The sentence comparing the social cost of carbon estimates had lacked the lower end of the range of values, and the figure showed means instead of medians of those social cost of carbon estimates, as well as data from an earlier version of ref. 43. The errors have been corrected in the HTML and PDF versions of the article.