Forest and vegetation play an important role in balancing ecosystem patterns, providing food security, and blessing the environment for living beings, so the status of global forests and biodiversity, their impact and change overtime with climatic effects and challenges is important. This study’s methods include a review of global forest cover and status; distribution, and assessment; biodiversity, forest carbon assessment; causes of forest loss; and the impacts and implications of CO2 emissions. Forests encompass 31% of the world’s forests, are home to 2 million to 1 trillion species, and provide habitat for 80% of amphibian species, 75% of bird species, 68% of mammalian species, and so on. Deforestation is the major cause of forest loss, with a decrease of 4.7 million ha. From 2010 to 2020, only in the Asia Pacific region and from 2000 to 2010, 13 million ha of world forests were lost. All flora, fauna, and microbes are slowly degrading and disappearing due to human activities such as deforestation, intensive use, inappropriate forest management, agriculture, encroachment of forest land, slash burn practices, forest fires, urbanization, overharvesting, environmental deterioration, etc. Because the globe has emitted over 1.5 trillion tonnes of CO2 since 1751, the persistence of biodiversity in human-modified habitats is crucial for conservation and the provision of ecosystem services.