Not correct. Biomass includes burning wood from new growth forests. If the trees were kept in the ground they would be carbon sinks rather than carbon stores, therefore the overall effect is an increase in emissions. Furthermore, there's energy expended in prepping the wood (e.g. turning the trees into wood pellets ready to burn) and in transporting the wood to the biomass power station.
[0] https://www.energy.ca.gov/data-reports/energy-almanac/califo...