text: Peat is used by gardeners and for horticulture in certain parts of the world, but this is being banned in some places. By volume, there are about 4 trillion cubic metres of peat in the world. Over time, the formation of peat is often the first step in the geological formation of fossil fuels such as coal, particularly low-grade coal such as lignite. The peatland ecosystem covers  and is the most efficient carbon sink on the planet, because peatland plants capture carbon dioxide (CO2) naturally released from the peat, maintaining an equilibrium. In natural peatlands, the "annual rate of biomass production is greater than the rate of decomposition", but it takes "thousands of years for peatlands to develop the deposits of , which is the average depth of the boreal [northern] peatlands", which store around 415 gigatonnes (Gt) of carbon (about 46 times 2019 global CO2 emissions). Globally, peat stores up to 550 Gt of carbon, 42% of all soil carbon, which exceeds the carbon stored in all other vegetation types, including the world's forests, although it covers just 3% of the land's surface.
  Peat is not a renewable source of energy, due to its extraction rate in industrialized countries far exceeding its slow regrowth rate of  per year, and as it is also reported that peat regrowth takes place only in 30–40% of peatlands. Centuries of burning and draining of peat by humans has released a significant amount of  into the atmosphere, and much peatland restoration is needed to help limit climate change.