The determination of carbon storage in tropical forests is among mitigation measures for climate change. There are numerous studies worldwide about this topic. Nevertheless, few are the studies of carbon storage in Tropical Montane Cloud Forests (TMCFs). TMCFs play an important role in hydrological balance and carbon sequestration. Studies of carbon sequestration are scarce in TMCFs due to their difficult access and the assumption of low carbon sequestration. In this review article, the methods of carbon sequestration estimation in TMCFs and their results were analysed. We classified them depending the source of carbon storage. Thus, three class were established: vegetation carbon storage, soil carbon storage and litter carbon storage. Results showed that the most used method to determine carbon storage is field method for carbon storage in vegetation and the remote sensing method is the less used. In addition, it was found that the majority of research is concentrated in America, specifically in Mexico and Peru. According to Pearson’s correlation coefficient, it was found that the frequency of investigations by country is directly related to the forest area of the country (p < 0.08). Few studies on TMCFs carbon storages have been carried out in the world and they showed differences in the estimation of the carbon content in data and methodologies. It is needed to increase the efforts in the research of TMCFs carbon storage to reach a better stage and accumulate data that could help to provide policies and actions to mitigate climate change through the conservation of these carbon sinks.