[en] Due to contradictory opinions on the role of peat as a renewable energy source and carbon sink as well as the fact that no comprehensive research are made in this area, the Finnish Ministry of Trade and Industry (KTM) assigned an impartial working group to investigate the role of peat in climatic change. The working group consists of Patrick Crill from USA, Ken Hargreaves from Great Britain, and Atte Korhola from Finland. The objective of the working group is to study the greenhouse gas balances of virgin peatland, ditched peatlands, and cultivated peatlands. The carbon cycles will be investigated, as well as the effects of utilisation of peat on greenhouse gas balance, and the possibilities of effecting the balance with active measures. The alternatives for utilisation peatlands after the peat has been harvested, and the effects of these alternatives on greenhouse gas balance will also be studied. The effects of the peatlands left in passive natural state, the regeneration of peatlands, forestation and other usage on greenhouse gas balance will be investigated, and the need for regulations and instructions for recycling have to be estimated. The greenhouse gas emissions and the carbon sinks have to be defined, the alternative means for definition of them have to be inspected. The mutual dependence of peat and wood fuels has also to be taken into consideration. The report will to include the effects of peat on watercourses, versatility of the nature, the effect of the peat production on the amount of peat production areas, and suggestions for possible need of further investigations