Biofuel is almost as bad as fossil at 230 gCO₂-eq/kWh. [1]. Compare to solar pv at 40 and nuclear at 12.
[1] https://www.ipcc.ch/site/assets/uploads/2018/02/ipcc_wg3_ar5...
> Direct emissions from biomass combustion at the power plant are positive and significant, but should be seen in connection with the CO2 absorbed by growing plants. They can be derived from the chemical carbon content of biomass and the power plant efficiency. For a comprehensive discussion see Chapter 11, Section 11.13
https://www.ipcc.ch/site/assets/uploads/2018/02/ipcc_wg3_ar5...
> have led to strong forest Carbon sinks in many OECD regions (Pan et al., 2011; Loudermilk et al., 2013; Nabuurs et al., 2013; Erb et al., 2013). However, the capacity of these sinks is being reduced as forests approach saturation (Smith, 2005; Körner, 2006; Guldea et al., 2008; Nabuurs et al., 2013; Sections 11.2.3, 11.3.2). Active forest management, including management for bioenergy, is therefore important for sustaining the strength of the forest carbon sink well into the future (Nabuurs et al., 2007, 2013; Canadell and Raupach, 2008; Ciais et al., 2008), although countries should realize that for some old forest areas, conserving carbon stocks may be preferential, and that the actively managed forests may for some time (decades) act as sources.
Wood is already in the biosphere. Even if we don't burn it, it will decompose and release all its CO2 that way, or burn in a forest fire. The CO2 of that wood is already circulating.
It doesn't actually increase CO2 levels the way that digging up long-buried fossil fuels does.