No.
Even if it were, “going to waste” does not usually release as much carbon into the atmosphere as burning residues does. Added to that, genuine residues are those arising at sawmills as offcuts and sawdust generated during milling for sawn timber. So-called residues arising in the forest are a function of the decision to adopt intensive logging practices such as clearcutting.
Incentives for biomass production are encouraging more use of whole trees for biomass and changes in practice that mean that even more wood is burned rather than used in ways that locks the carbon in. Even in situations where it is genuinely only residues that are used, the carbon debt issue remains – burning adds carbon to the atmosphere today, when we are trying to reduce it. In particular, intensive harvesting of forest residues reduces the amount of carbon stored in forest soil.
Furthermore, there is no universally agreed definition of ‘residue’, and timber, pellet and energy companies frequently call the majority of trees in a forest ‘residues’, just because those trees are the wrong size or shape for sawmills. Frequently the definition of ‘residue’ in a forestry operatiom is derived from the monetary value per unit by weight or volume of the forest product taken. Thus a high value sawlog is defined as the primary product, although it is obtained in low volumes, whereas high volumes of biomass (often much greater than those of sawlogs) is defined as residue simply because it is worth less per tonne or cubic metre.
More information: Forest soil carbon is threatened by intensive biomass harvesting