If you cut down a tree and burn it, the carbon that it contained in the form of CO2 will be released to the atmosphere and will not be removed until that tree is replaced by another. So you are looking at 30 to 100 years, depending on location of tree growth.
Similarly with this wet peat. Except that the peat that you burn takes about a season, or year, to take up the carbon and what most of you seem to miss is that peat that is burned produces CO2. Peat that sinks to the bottom and decays releases methane. Per Babiak's post, methane is 24 times more harmfull than CO2.
So it is better to burn it than having it decay from pure numbers towards green house contribution.
It is an alternative that we, as citizens of this planet, should take into consideration as an additional or alternate fuel source especially when oil and natural gas is not renewable.
Peat is renewable, like trees. Unlike trees, it takes a much shorter time.
Somewhat off topic But a Great Contribution Babiak. More power to you, Ed.