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biosequestration

n. storage and removal of carbon from the atmosphere by conversion of carbon dioxide into biomass, generally by photosynthetic plants or bacteria

Wikipedia
Biosequestration

Biosequestration is the capture and storage of the atmospheric greenhouse gas carbon dioxide by biological processes.

This may be by increased photosynthesis (through practices such as reforestation / preventing deforestation and genetic engineering); by enhanced soil carbon trapping in agriculture; or by the use of algal bio sequestration (see algae bioreactor) to absorb the carbon dioxide emissions from coal, petroleum (oil) or natural gas-fired electricity generation.

Biosequestration as a natural process has occurred in the past, and was responsible for the formation of the extensive coal and oil deposits which are now being burned. It is a key policy concept in the climate change mitigation debate. It does not generally refer to the sequestering of carbon dioxide in oceans (see carbon sequestration and ocean acidification) or rock formations, depleted oil or gas reservoirs (see oil depletion and peak oil), deep saline aquifers, or deep coal seams (see coal mining) (for all see geosequestration) or through the use of industrial chemical carbon dioxide scrubbing.