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Mitigating climate change is a challenge that urgently needs to be addressed, as it has an increasing impact on the planet. According to the latest reports, global CO₂ emissions must be neutralized by 2050 in order to limit the rise in temperature to 1.5 °C. This work presents the evolution of Land Use, Land Use Change and Forestry (LULUCF) greenhouse gas (GHG) emissions/removals at the EU-27 + UK level for the 1990–2019 time period, as well as LULUCF emissions/removals forecasts for Romania up to 2040. The results revealed a 23% reduction in GHG emissions for the EU-27 + UK in 2019 compared to 1990. Romania’s yearly average of GHG emissions/removals was 28,000 kt CO₂ eq., representing roughly 9.7% of the EU’s annual average. In terms of projections for Romania, the only scenario that will not be in the target set by the new LULUCF Regulation is WEM (Reference Scenario/With Existing Measures), in which net GHG removals will be reduced by approximately 218 kt CO₂ eq., or 0.9 percent, in 2030 compared to the reference year; in 2040 compared to 1989, the trend will be accentuated both in absolute values, with a decrease of over 3000 kt CO₂ eq., and in relative values of 12%.