Measurements, made at a high subarctic, maritime, wetland tundra site, are presented for three different growing seasons. These are divided into hot-dry, normal-dry and normal-wet years and the behaviour of their surface energy and water balances is examined within the framework of a combination model. For periods of comparable energy availability, evapotranspiration during hot-dry conditions can be larger than during cooler and wetter periods. This results from small stomatal resistance in the sparse canopy of well-rooted sedges, and from the ability of peat soils to supply water under conditions of large atmospheric demand. This demand is expressed in terms of the vapour pressure deficit and it counteracts the large surface resistances which develop during dry periods. In many respects, the energy balance of a subarctic wetland tundra is comparable to observations and models for temperate agricultural and forest lands, in spite of the fact that the soils are organic, the vegetation canopy is sparse and there is continuous permafrost. A dry year promotes deeper thaw depths in the permafrost soils, during the growing season, than does a wet one. This is due to larger ground heat fluxes and larger soil thermal diffusivities. We concluded that maritime, wetland tundra, growing on peat soils, displays feedback mechanisms, which can offset the effects of moisture stress, caused by summer climate warming of a similar magnitude to that simulated by General Circulation Models for a 2 x CO 2 scenario.