Peatlands are transition ecosystems between terrestrial and aquatic environments, formed over time and space by the accumulation of plant materials under conditions of excessive moisture, low nutrient availability, low pH and oxygen scarcity, in which organic matter undergoes slow processes of humification. Peatland ecosystems from the Southern Espinhaço Range (SdEM), located in the State of Minas Gerais, were formed by the sui generis combination of environmental factors, setting the stage for their vast biodiversity, endemic and peculiar. For thousands of years these ecosystems have been developing, preserving proxies for environmental reconstitution, sequestering more and more carbon, and increasing their capacity to store water (spongelike effect) and regulate the water discharge from streams. Environmental reconstruction studies carried out in these ecosystems have revealed various regional paleoclimatic changes in the last 35,000 years. The carbon stock sequestered is 8.7 Mt, and 255 million m3 of water are stored in 25,385 hectares of these peatlands. These ecosystems constitute the headwaters of the most important rivers in Eastern Brazil: the São Francisco, Jequitinhonha, and Doce River basins, and regulate their flows during the dry season. However, peatlands located outside of conservation units are threatened by human activity. The Long-Term Ecological Research Program “Peatlands of the Southern Espinhaço Range: Ecosystem Services and Biodiversity” (PELDturf; funded by National Council of Scientific and Technologic Development - CNPq and Minas Gerais State Research Support Foundation - Fapemig), initiated in 2021, has intensified the characterization and monitoring of biodiversity and ecosystem services of peatlands. The results of two decades of research have revealed the importance of these ecosystems for biodiversity, the global carbon cycle, regional water resources, and paleoenvironmental reconstruction. It has also become evident that the rapid degradation of these ecosystems, mainly caused by human activity, can irreversibly compromise their ecosystem services, biodiversity, and paleoenvironmental reconstruction studies in the medium term. Therefore, it is imperative to empower local and regional communities regarding the importance of peatland ecosystems for the environment, socio-economy, and quality of life for their populations, as well as for the planet.