Not really. There's something called the "Forest Carbon Cycle". Forests do not statically capture carbon long term. They are constantly taking carbon in but also releasing it through the death of trees and through the soil. Trees can temporarily capture carbon, but ultimately it will be released again unless they are burned.
They also take up a lot of space.
[EDIT] I should probably clarify that I have nothing against trees, and they definitely can help with sequestration, and they have lots nice properties. I was mainly reacting against "the ultimate carbon-capture devices", which they really are not.