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The ongoing global climate change is challenging all sectors, forestry notwithstanding. On the one hand, forest ecosystems are exposed to and threatened by climate change, but on the other hand, forests can influence the course of climate change by regulating the water regime, air quality, carbon sequestration, and even reduce climate extremes. Therefore, it is crucial to see climate change not only as a risk causing forest disturbances and economic consequences but also as an opportunity for innovative approaches to forest management, conservation, and silviculture based on the results of long-term research. We reviewed 365 studies evaluating the impact of climate change on European forest ecosystems, all published during the last 30 years (1993–2022). The most significant consequences of climate change include more frequent and destructive large-scale forest disturbances (wildfire, windstorm, drought, flood, bark beetle, root rot), and tree species migration. Species distribution shifts and changes in tree growth rate have substantial effects on ecosystem carbon storage. Diameter/volume increment changed from −1 to +99% in Central and Northern Europe, while it decreased from −12 to −49% in Southern Europe across tree species over the last ca. 50 years. However, it is important to sharply focus on the causes of climate change and subsequently, on adaptive strategies, which can successfully include the creation of species-diverse, spatially and age-wise structured stands (decrease drought stress and increase production), prolongation of the regenerative period, or the use of suitable introduced tree species (e.g., Douglas fir, black pine, and Mediterranean oaks). But the desired changes are based on increasing diversity and the mitigation of climate change, and will require significantly higher initial costs for silviculture practices. In conclusion, the scope and complexity of the topic require further comprehensive and long-term studies focusing on international cooperation. We see a critical gap in the transfer of research results into actual forest practice, which will be the key factor influencing afforestation of forest stands and forest growth in the following decades. What our forests will look like for future generations and what the resulting impact of climate change will be on forestry is in the hands of forest managers, depending on supportive forestry research and climate change policy, including adaptive and mitigation strategies. • We review main factors influencing forest growth processes under climate change (CC). • We concentrate on potential direct and indirect impacts of CC on forest ecosystems. • Consequences of CC include large-scale forest disturbances and tree species migration. • Review is focused on management adaptive strategies and mitigation of CC. • Opportunity and risk of introduced tree species are discussed. [ABSTRACT FROM AUTHOR]