Tandem-L is a proposal for an innovative interferometric and polarimetric radar mission that enables the systematic monitoring of dynamic processes on the Earth surface. Important mission objectives are global forest height and biomass inventories, large scale measurements of millimetric displacements due to tectonic shifts, and systematic observations of glacier movements. The innovative mission concept and the high data acquisition capacity of Tandem-L provide a unique data source to observe, analyze and quantify the dynamics of a wide range of mutually interacting processes in the bio-, litho-, hydro- and cryosphere. By this, Tandem-L will be an essential step to advance our understanding of the Earth system and its intricate dynamics. This paper provides an overview of the Tandem-L mission concept and its main application areas. Performance predictions show the great potential of Tandem-L to acquire a wide range of bio- and geophysical parameters with high accuracy on a global scale. Innovative aspects like the employment of advanced digital beamforming techniques to improve performance and coverage are discussed in detail.