This report evaluates opportunities for harnessing the potential for climate mitigation and green growth in the forest sector. The analysis focuses on mitigation benefits related to carbon storage in planted forests, harvested wood products (HWP), and the substitution of materials. This emphasis on the role of forestry in climate mitigation in developing countries fills an analytical gap—until now, the role of the productive forest sector has largely been ignored. In addition, the analysis quantifies the climate change adaptation benefits of investments in the HWP supply chain, such as creating economic opportunities and increasing resilience.