This essay review explores the concept of climate-smart forestry as an approach to mitigating and adapting to climate change. It highlights the need for a holistic approach to forestry that considers regional differences and synergies between ecosystem services. The essay discusses various management strategies at different scales, including species selection, mixed species cultivation, and the promotion of the bioeconomy. It also examines the trade-offs and synergies between different forest uses and the effects of forest management on ecosystem services. Furthermore, the review addresses major abiotic and biotic damage risks to forests, such as wildfires, windstorms, and bark beetle attacks, and proposes risk management strategies. Lastly, the review delves into the management of peatland forests, discussing the role of drainage, the impact of ditch network maintenance, and the challenges of peat ash fertilization. Overall, the review provides valuable insights into climate-smart forestry and its potential to contribute to climate change mitigation and adaptation.