In reply to The Crow:
Whilst agreeing with most of what you say, the fact is that at the moment, globally deforestation is a growth business, so fewer trees means that far less CO2 is being taken out of the atmosphere naturally ie the absorption rate is far lower than it was a hundred years ago, simply because there are far fewer forests/trees.
Obviously some of the logging goes to make furniture, frames for buildings, boats etc etc (not just land clearance) - and so the carbon is still locked up, as that wood does not rot down (immediately, anyway)
One suggestion I've seen is to turn away from fossil-fuel burning power stations, and go to wood-burning ones, then at least you aren't releasing fossil CO2 back into the atmosphere. This requires huge forests, and forest management, so you always have more trees growing to replace ones that are burnt.
This is obviously more CO2 friendly (carbon neutral) than oil-, coal- and gas-burning power-stations, and can be used to supplement wind-turbines, wave and solar energy, and should replace fossil fuels.
And if the forests are planted around the power-stations then it also eliminates the massive energy expenditure involved in extracting coal, gas, oil and then transporting it vast distances - which goes on at the moment. (plus all the energy expenditure involved in getting people to and from the mines, oil fields etc, building oil-rigs, oil tankers etc...
(Although this involves moving vehicles away from burning fossil fuels, too, to a large degree. And reducing all the other things that oil is used for)
Just some thoughts...