What are you gonna do about all the nitrogen etc which the plants need? Are there good ways to reextract these nutrients from dead plant material without releasing loads of carbon at the same time?
Off the top of my head, for a given amount of wood biomass, you can get about a 70% ratio of product to fuel if you use a high-efficiency wood fire to cook the wood itself.
Then you can take that carbon, bury it in decommissioned open pit mines, or use it as a soil additive (biochar), where it will sequester the carbon for thousands of years and act as a fertilizer.
You could also pair the biochar with a fast-growing swamp tree (willow?), re-incorporating the char into the areas around the willow plantation to create a sort of artificial peat bog which could also be useful for water storage and filtration.