Peatlands in the world store large amounts of carbon and are at the same time important for conservation of biodiversity. Peatlands are space-effective carbon stocks but when drained carbon and nitrogen are released as greenhouse gases to the atmosphere and as nitrate to the surface water while methane especially may be released when rewetting. The above-described mentioned knowledges are derived from both modern peatland studies and palaeostudies. Peatlands are perfect ecosystems for palaeostudies due to the fact that they have a unique opportunity to save any micro and macro residues which serve as a reliable proxy for the reconstruction of climatic parameters, regional and local vegetation, as well as indicators of carbon balance during the Holocene. An understanding of mechanisms of peatland formation, genesis and its role in planetary life is critical for making further climatic forecast and human strategy development in a fast climate change scenario.