Is it possible to avert global warming by replacing "fossil coal" with biocoal?

To reverse global warming we need to eliminate approximately 7 billion tons of CO2 emissions annually. Worldwide coal consumption is 7 billion tons. This generates approximately 20 billions tons of CO2. Replacing about 2.5 billion tons of fossil coal with the carbon neutral biocoal will eliminate 7 billion tons of CO2 emissions thus solving the global warming problem. Is it possible to create biocoal that is cost competitive with "fossil coal"? What will it take to do so?

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Animals & Nature
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I'm not a scientist. How am I supposed to know?

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