Spectral Distortions of the CMB as a Probe of Inflation, Recombination,
  Structure Formation and Particle Physics
  Following the pioneering observations with COBE in the early 1990s, studies
of the cosmic microwave background (CMB) have focused on temperature and
polarization anisotropies. CMB spectral distortions - tiny departures of the
CMB energy spectrum from that of a perfect blackbody - provide a second,
independent probe of fundamental physics, with a reach deep into the primordial
Universe. The theoretical foundation of spectral distortions has seen major
advances in recent years, which highlight the immense potential of this
emerging field. Spectral distortions probe a fundamental property of the
Universe - its thermal history - thereby providing additional insight into
processes within the cosmological standard model (CSM) as well as new physics
beyond. Spectral distortions are an important tool for understanding inflation
and the nature of dark matter. They shed new light on the physics of
recombination and reionization, both prominent stages in the evolution of our
Universe, and furnish critical information on baryonic feedback processes, in
addition to probing primordial correlation functions at scales inaccessible to
other tracers. In principle the range of signals is vast: many orders of
magnitude of discovery space could be explored by detailed observations of the
CMB energy spectrum. Several CSM signals are predicted and provide clear
experimental targets, some of which are already observable with present-day
technology. Confirmation of these signals would extend the reach of the CSM by
orders of magnitude in physical scale as the Universe evolves from the initial
stages to its present form. The absence of these signals would pose a huge
theoretical challenge, immediately pointing to new physics.
