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Terrestrial ecosystems store more carbon (C) than the atmosphere and provide ecosystem services (ES) such as global climate regulation, by sequestering carbon within biomass and soil. Land use land cover (LULC) change is considered a key factor, playing an important role in the dynamic variations of carbon storage. The aim of this paper is to assess the effects that LULC has had on carbon stocks and consequently on climate change regulation in north-western Morocco over 21 years. To achieve this aim, the Integrated Valuation of ES and Trade-offs (InVEST) model is used to assess status and variation in the net amount of carbon stored by the different types of LULC, and the economic value of the carbon sequestered in the remaining stock. The results show that the total carbon stock increased from 4.81TgC in 1996 to 4.98TgC in 2017. Over the 21 years, the LULC changes had the greatest effect on carbon storage - an increase of 6.87% with 0.17TgC of carbon sequestered, since the majority of unused land was changed to forest and cultivated land. Based on the global costs of atmospheric carbon, we estimate the economic value of carbon storage services to be between US$1,800,000 and US$3,570,000 for the whole period, with an average yearly increment of between US$86,000 and US$170,000. The results show that the ecosystem management has had a substantial climate mitigation effect. Also, the possibility of paying for ES could inform policy on the adoption of LULC to support livelihood and management choices.