AbstractThe cultivation of flooding-tolerant grasses on wet or rewetted peatlands is a priority in climate change mitigation, balancing the trade-off between atmospheric decarbonisation and biomass production. However, effects of management intensities on greenhouse gas (GHG) emissions and the global warming potential (GWP) are widely unknown. This study assessed whether intensities of two and five annual harvest occurrences at fertilisation rates of 200 kg nitrogen ha− 1 yr− 1 affects GHG exchange dynamics compared to a ‘nature scenario’ with neither harvest nor fertilisation. Fluxes of carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O), using opaque and transparent chambers, were measured on a wet fen peatland with a mean water table depth of -10 cm below soil surface. Overall, no treatment effect was found on biomass yields and GHG emissions. Annual cumulative CH4 emissions were low, ranging between 0.3 and 0.5 t CO2-C eq ha− 1 yr− 1. Contrary to this, emissions of N2O were high, ranging between 1.1 and 1.5 t CO2-C eq ha− 1 yr− 1. For magnitudes of CH4 and N2O, soil moisture conditions and electrical peat properties were critical proxies. Atmospheric uptake of CO2 by net ecosystem exchange was higher for the treatments with management. However, this benefit was offset by the export of carbon in biomass compared to the treatment without management. In conclusion, the results highlighted a near-equal GWP in the range of 10.5–11.5 t CO2-C eq t ha− 1 yr− 1 for all treatments irrespectively of management. In a climate context, a restoration scenario but also intensive paludiculture practices were equal land-use options.