To put Terry's point a bit more simply;
recycling is a failure to reuse which is a failure to reduce
I say compost it, building good soil is one of the most direct and effective methods individuals have to sequester carbon.
Also, burning anything in an open fireplace rarely saves on heating costs as it tends to pull in outside air to create the draft up the chimney, this cools down the house while heating only the bodies huddled in front of it. If one is going to burn with biomass of any kind it should be in a highly efficient stove at high temps with some sort of thermal storage and controlled air flow input. Inefficient combustion, as in a low temp fireplace, produces more pollutants than a well designed system.
Written in August 2008