The tropical montane forests in the Colombian Andean region are located above 1500 m, and have been heavily deforested. Despite the general presumption that productivity and hence carbon stocks in these ecosystems are low, studies in this regard are scarce. This study aimed to (i) to estimate Above Ground Biomass (AGB) in forests located in the South of the Colombian Andean region, (ii) to identify the carbon storage potential of tropical montane forests dominated by the black oak Colombobalanus excelsa and to identify the relationship between AGB and altitude, and (iii) to analyze the role of tropical mountain forests in conservation mechanisms such as Payment for Environmental Services (PES) and Reducing Emissions from Deforestation and Degradation (REDD+). Twenty six 0.25 ha plots were randomly distributed in the forests and all trees with D > or =10 cm were measured. The results provided important elements for understanding the role of tropical montane forests as carbon sinks. The information produced can be used in subnational initiatives, which seek to mitigate or reduce the effects of deforestation through management or conservation of these ecosystems, like REDD+ or PES. The AGB and carbon stocks results obtained were similar to those reported for lowland tropical forests. These could be explained by the dominance and abundance of C. excelsa, which accounted for over 81% of AGB/carbon. The error associated with the estimates of AGB/carbon was 10.58%. We found a negative and significant relationship between AGB and altitude, but the higher AGB values were in middle altitudes (approximatly = 700-1800 m), where the environmental conditions could be favorable to their growth. The carbon storage potential of these forests was higher. However, if the historical rate of the deforestation in the study area continues, the gross emissions of CO2e to the atmosphere could turn these forests in to an important emissions source. Nowadays, it is clear that tropical montane forests are vulnerable to deforestation, especially black Oak forests due to their commercial value. Given their high carbon storage potential, the presence of endemic species and the strategic functions of these ecosystems, we recommend that they should be considered relevant during REDD+, PES or any other conservation assessment.