We present the results of a simulation experiment that evaluated three scenarios of forest management in the context of climate change mitigation. Two scenarios refer to climate change adaptation measures. The third scenario was a business-as-usual scenario representing the continuation of current forest management. We wanted to know whether a change in tree species composition or the implementation of shorter rotation cycles is in accordance with the objectives of climate change mitigation. Our simulation experiment was based on data of the Austrian National Forest Inventory. A forest sector simulation model was used to derive timber demand and potential harvesting rates. Forest dynamics were simulated with an individual-tree growth model. We compared carbon stocks, harvesting rates, current annual increment, salvage logging, and forest structure. Compared to the business-as-usual scenario, a change in tree species composition and shorter rotation cycles reduce salvage logging by 14% and 32%, respectively. However, shorter rotation cycles reduce the carbon stock by 27%, but increase the harvesting rate by 4.8% within the simulation period of 140 years. For changes in the tree species composition, the results were the opposite. Here, the carbon stock is increased by 47%, but the harvesting rate is reduced by 15%. Thus, there are clear tradeoffs between the different ecosystem services depending on the climate change adaptation scenario. We also show that a fundamental change in forest management must be accompanied by a transformation in wood processing technology and innovation in wood utilization.