Simple SummarySolving biodiversity loss and climate change are part of the same problem; intact natural habitats can provide powerful and efficient climate mitigation if protected. Beyond the land (forests), there is little appreciation of just how important ocean nature is to climate mitigation. Carbon captured, stored and the rate at which it is buried (sequestration) by marine organisms is called blue carbon. We measured how much blue carbon occurs around the remote islands and seamounts of the Tristan da Cunha archipelago Marine Protected Zone (MPZ). We estimated that there are 300 tonnes of carbon (tC) captured in seaweed biomass each year, a proportion of which will sink and become a part of the long-term sediment carbon store. In deeper water we found a standing stock of ~2.3 million tC in the shallowest 1000 m depths, of which equivalent to 0.8 million t of carbon dioxide has the potential to be sequestered. At current carbon prices, and were it to attract blue carbon credits, £24 million worth of blue carbon can potentially be sequestered from the standing stock of this small United Kingdom Overseas Territory. This standing stock is protected and growth could, therefore, generate an additional £3.5 million worth of sequestered carbon a year, making it an unrecognized major component of the local economy. The economic return on this example MPZ probably ranks highly amongst climate mitigation schemes. The message is that placing meaningful protection to carbon-rich natural habitats can massively help society fight climate change and biodiversity loss. Nations who provide this protection should be fairly compensated, particularly where it comes at the detriment of other economic uses of marine habitats.Carbon-rich habitats can provide powerful climate mitigation if meaningful protection is put in place. We attempted to quantify this around the Tristan da Cunha archipelago Marine Protected Area. Its shallows (<1000 m depth) are varied and productive. The 5.4 km2 of kelp stores ~60 tonnes of carbon (tC) and may export ~240 tC into surrounding depths. In deep-waters we analysed seabed data collected from three research cruises, including seabed mapping, camera imagery, seabed oceanography and benthic samples from mini-Agassiz trawl. Rich biological assemblages on seamounts significantly differed to the islands and carbon storage had complex drivers. We estimate ~2.3 million tC are stored in benthic biodiversity of waters <1000 m, which includes >0.22 million tC that can be sequestered (the proportion of the carbon captured that is expected to become buried in sediment or locked away in skeletal tissue for at least 100 years). Much of this carbon is captured by cold-water coral reefs as a mixture of inorganic (largely calcium carbonate) and organic compounds. As part of its 2020 Marine Protection Strategy, these deep-water reef systems are now protected by a full bottom-trawling ban throughout Tristan da Cunha and representative no take areas on its seamounts. This small United Kingdom Overseas Territory’s reef systems represent approximately 0.8 Mt CO2 equivalent sequestered carbon; valued at >£24 Million GBP (at the UN shadow price of carbon). Annual productivity of this protected standing stock generates an estimated £3 million worth of sequestered carbon a year, making it an unrecognized and potentially major component of the economy of small island nations like Tristan da Cunha. Conservation of near intact habitats are expected to provide strong climate and biodiversity returns, which are exemplified by this MPA.