At the scale we'd need to turn things around, land is a significant limiting factor. I saw a study in Nature a couple years ago saying we could manage a gigatonne/year of carbon sequestration from biochar without major impacts on biodiversity and food production, which is pretty good but not sufficient on its own.
I have a better alternative: growing excess food and dumping it on the ground.
Char takes a lot longer to rot. So the carbon is pulled out of the short cycle.