<p><strong>Abstract.</strong> Northern peatlands have been a persistent natural carbon sink since the last glacial maximum. If there were no limits to their growth, carbon accumulation in these ecosystems could offset a large portion of anthropogenic carbon emissions until the end of the present interglacial period. Evaluation of the limits to northern peatland carbon stocks shows that northern peatlands will potentially play an important role, second only to the oceans, in reducing the atmospheric carbon dioxide concentration to the level that is typical of interglacial periods if cumulative anthropogenic carbon emissions will be kept below 1000&#8201;Pg of carbon.</p>