Tandem-L is a highly innovative SAR satellite mission for the global observation of dynamic processes on the Earth's surface with hitherto unknown quality and resolution. Thanks to its novel imaging techniques and its unprecedented acquisition capacity, Tandem-L will deliver urgently needed information for the solution of pressing scientific questions in the areas of the biosphere, geosphere, cryosphere and hydrosphere. The feasibility of Tandem-L has been analyzed and confirmed in the scope of a phase A study, which has been conducted in close cooperation between the German Aerospace Center (DLR) and the German space industry. This paper provides an overview of the Tandem-L mission concept and summarizes the actual development status.