The urgent need to mitigate and adapt to climate change necessitates a comprehensive understanding of carbon cycling dynamics. Traditionally, global carbon cycle models have focused on vegetation, but recent research suggests that animals can play a significant role in carbon dynamics under some circumstances, potentially enhancing the effectiveness of nature‐based solutions to mitigate climate change. However, links between animals, plants, and carbon remain unclear. We explored the complex interactions between defaunation and ecosystem carbon in Earth's most biodiverse and carbon‐rich biome, tropical rainforests. Defaunation can change patterns of seed dispersal, granivory, and herbivory in ways that alter tree species composition and, therefore, forest carbon above‐ and belowground. Most studies we reviewed show that defaunation reduces carbon storage 0−26% in the Neo‐ and Afrotropics, primarily via population declines in large‐seeded, animal‐dispersed trees. However, Asian forests are not predicted to experience changes because their high‐carbon trees are wind dispersed. Extrapolating these local effects to entire ecosystems implies losses of ∼1.6 Pg CO2 equivalent across the Brazilian Atlantic Forest and 4−9.2 Pg across the Amazon over 100 years and of ∼14.7−26.3 Pg across the Congo basin over 250 years. In addition to being hard to quantify with precision, the effects of defaunation on ecosystem carbon are highly context dependent; outcomes varied based on the balance between antagonist and mutualist species interactions, abiotic conditions, human pressure, and numerous other factors. A combination of experiments, large‐scale comparative studies, and mechanistic models could help disentangle the effects of defaunation from other anthropogenic forces in the face of the incredible complexity of tropical forest systems. Overall, our synthesis emphasizes the importance of—and inconsistent results when—integrating animal dynamics into carbon cycle models, which is crucial for developing climate change mitigation strategies and effective policies.