We simulated Austrian forests under different sustainable management scenarios. A reference scenario was compared to scenarios focusing on the provision of bioenergy, enhancing the delivery of wood products, and reduced harvesting rates. The standing stock of the stem biomass, carbon in stems, and the soil carbon pool were calculated for the period 2010–2100. We used the forest growth model Câldis and the soil carbon model Yasso07. The wood demand of all scenarios could be satisfied within the

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... imulation period. The reference scenario led to a small decrease of the stem biomass. Scenarios aiming at a supply of more timber decreased the standing stock to a greater extent. Emphasizing the production of bioenergy was successful for several decades but ultimately exhausted the available resources for fuel wood. Lower harvesting rates reduced the standing stock of coniferous and increased the standing stock of deciduous forests. The soil carbon pool was marginally changed by different management strategies. We conclude that the production of long-living wood products is the preferred implementation of climate-smart forestry. The accumulation of carbon in the standing biomass is risky in the case of disturbances. The production of bioenergy is suitable as a byproduct of high value forest products.