This article examines the concepts and practices of global governance as a definitively liberal project. It provides an analysis of how TFCAs intersect with wider neoliberal debates about the efficacy of global environmental governance, and explores the power and limitations of that governance. In particular, this article investigates the complex local contexts which global environmental governance schemes such as TFCAs encounter; in so doing it highlights the ways that local activities subvert and challenge global-level conservation schemes. Through an analysis of transfrontier conservation areas (TFCAs) in Central America, it contends that specific forms of global environmental governance require some rethinking to accommodate their potentially fragile and uneven nature, and that it is more open, opaque or uneven than many theorists suggest.