If you really want to see what gets emissions down, move the carbon price slider.
https://en-roads.climateinteractive.org/scenario.html?v=2.7....
According to tons of leading economists, we can make a steadily rising fee on carbon emissions economically sustainable and politically viable by returning the net revenue from the fee to households as carbon dividends.
Anyone who did a little research knows that a market based solution like carbon taxes is going to solve the problem very effectively. The concept is very simple. Calculate how much damage a ton of CO2 is causing and tax companies so that they pay for the damage they caused. In some cases it is easier to treat the damage. In others it is easier to reduce the damage. The market gets to decide what is most efficient.
The problem is that there are lots of people who are not deep in the subject who believe that it is just a money grab or that if you are going to give them the money back they would prefer no taxation in the first place.
This has lead to Germany introducing a carbon price instead of a carbon tax. The difference? You're not getting your money back. People's allergy to taxes backfired. Kind of ironic.
Taxing CO2 emissions of imports is another problem. You would have to introduce tariffs to nudge big foreign polluters to implement their own CO2 tax.
Nevertheless, a tree at the place of an older one can help binding CO2 when the old tree is used such that the CO2 is not released to the atmopshere, such as for a well-crafted table (which could be used for decades, too). But don't forget that it usually is not just removing one tree - usually big areas are cut out, which includes the huge ecosystems around trees in untouched nature.
Though, always keep in mind, this is not a choice. The goal should be to preserve as much as possible (especially untouched ecosystems) as well as planting as much as possible.
This single track kindset of climate change fight is why we get so much green washing.
Here's a good article you might want to read. It also says that natural forests are actually better at capturing CO2.
https://envirobites.org/2019/09/24/old-is-better-than-young-...
Eden is around 10 US cents per tree planted.