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Coastal vegetated habitats like seagrass meadows can mitigate anthropogenic carbon emissions by sequestering CO₂as “blue carbon” (BC). Already, some coastal ecosystems are actively managed to enhance BC storage, with associated BC stocks included in national greenhouse gas inventories. However, the extent to which BC burial fluxes are enhanced or counteracted by other carbon fluxes, especially air‐water CO₂flux (FCO₂) remains poorly understood. In this study, we synthesized all available direct FCO₂measurements over seagrass meadows made using atmospheric Eddy Covariance, across a globally representative range of ecotypes. Of the four sites with seasonal data coverage, two were net CO₂sources, with average FCO₂equivalent to 44%–115% of the global average BC burial rate. At the remaining sites, net CO₂uptake was 101%–888% of average BC burial. A wavelet coherence analysis demonstrated that FCO₂was most strongly related to physical factors like temperature, wind, and tides. In particular, tidal forcing was a key driver of global‐scale patterns in FCO₂, likely due to a combination of lateral carbon exchange, bottom‐driven turbulence, and pore‐water pumping. Lastly, sea‐surface drag coefficients were always greater than the prediction for the open ocean, supporting a universal enhancement of gas‐transfer in shallow coastal waters. Our study points to the need for a more comprehensive approach to BC assessments, considering not only organic carbon storage, but also air‐water CO₂exchange, and its complex biogeochemical and physical drivers.