We here document a correction to our article "The economic commitment of climate change". Please find a note on the corrections which provide methodological updates to address the two critqiues raised via both published Matters Arisings, as well as an updated article and supplementary information in which adjustments to the methods and results have been highlighed in blue. Please contact: leonie.wenz@pik-potsdam.de or maxkotz@pik-potsdam.de for enquiries. Note that this webpage and the document was edited on the 13/08 to include explicit reference to the two Matters Arisings: now reading "via both published Matters Arisings," on the webpage, and "as well as Christof Schötz" on page 3 of the PDF.