Peat is a type of organic material that forms in waterlogged conditions, primarily in wetlands like bogs and fens. It consists of partially decomposed plant matter, mainly sphagnum moss, and accumulates over thousands of years. Peat is important for carbon storage, as it holds large amounts of carbon dioxide, helping to mitigate climate change. Peat is often harvested for use as a fuel source, soil amendment, and in gardening. However, its extraction can lead to environmental concerns, including habitat destruction and increased greenhouse gas emissions. Sustainable management practices are essential to balance its use with ecological preservation.