The overall objective of the Ramsar Convention, signed in 1971, is the conservation and wise use of wetlands by national action and international cooperation as a means to achieving sustainable development. This complex and challenging task requires national, local and international bodies involved in the implementation of the convention to rely on suitable geo-information to better understand wetland areas, complete national inventories, perform monitoring activities, carry out assessments and put in practice suitable management plans based on updated and reliable information. In the last years, Earth Observation (EO) technology has been revealed as a key tool and unique information source to support the environmental community in different application domains, including wetlands' conservation and management. In this context, the European Space Agency (ESA) in collaboration with the Ramsar Secretariat launched in 2003 the "GlobWetland" project in order to demonstrate the current capabilities of Earth Observation technology to support inventorying, monitoring, and assessment of wetland ecosystems. This paper collects the main results and findings of the "GlobWetland" project, providing an overview of the current capabilities and limits of EO technology as a tool to support the implementation of the Ramsar Convention. The project was carried out in collaboration with several regional, national and local conservation authorities and wetland managers, involving 50 different wetlands across 21 countries on four continents. This large range of users provided an excellent test bed to assess the potential of this technology to be applied in different technical, economic and social conditions.