The mitigation of climate change is a global priority. The United Nations Framework Convention on Climate Change Paris Agreement sets an ambitious goal of limiting global warming well below two degrees Celsius, and ideally at 1.5 degrees Celsius, by the end of the 21st Century. While recent publications have highlighted the important role that terrestrial forests, wetland forests, marine ecosystems (such as mangroves and seagrass meadows) and lowland grasslands play in global climate mitigation efforts, there has been few studies quantifying how mountain grasslands and shrublands might contribute in this regard. These fragile high-altitude (mostly above treeline) ecosystems cover around 6% (9.38 million km 2 ) of Earth's landmass, provide habitat for rare flora and fauna species while supplying water, food, fibre and economic opportunities to billions of people, many of whom are very poor. Like forests and marine ecosystems, mountain grasslands and shrublands are under threat from multiple anthropogenic stressors. Without a global assessment and understanding of the extent and value of carbon stocks in mountain grasslands and shrublands these ecosystems cannot be effectively integrated into international carbon budgets and climate policy. This thesis therefore helps address this issue by providing both an estimate of C stored in mountain grasslands and shrublands areas, and its relative economic value in climate regulation terms. This thesis also makes several recommendations for how this C pool might be factored into international climate policy frameworks and budgets, and how climate finance might be used to address the various drivers of degradation in mountains grassland and shrubland ecosystems around the world.Using spatial analysis, this thesis commences by estimating there to be between 60.5 Pg C and 82.8 Any improvement in this respect will also improve the reliability of the science, aiding progress towards the targets set by the Paris Agreement. Second, from an accounting perspective, this thesis could potentially provide input data into other global studies which have excluded estimates for C in alpine areas which until now has not been available. Third, when combined, the estimates for C stocks, CO2 sequestration and economic value provided herein justify further investigation of how carbon markets and climate finance might be used specifically to address the factors influencing degradation in mountain grasslands and shrublands around the world.4