The high temperatures and heating rates typical of PF are known to induce thermal annealing of char and loss of its reactivity. Several authors investigated this effect for coals in inert atmospheres, while little is known about the effects of CO2-rich atmospheres, typical of oxy-combustion and gasification, on the course of thermal annealing. Thermal annealing of biomass has been scarcely investigated in the literature; however, available studies reported that also biomass can suffer from thermo-deactivation. The present study aims to provide further insight on thermal annealing of biomass in the context of gasification and oxy-combustion. A lignin-rich biomass (walnut shells) has been heat-treated in a heated strip reactor at temperatures of 1573-2073 K with a holding time of 3 s using atmospheres of either N-2 or CO2. Similar experiments have been performed with a high volatile bituminous coal (Colombian coal) used as reference. The char samples have been analyzed by thermogravimetric analysis and Raman spectroscopy. Results have been further compared with those reported in previous studies where heat-treatment of the same fuels were performed in fixed bed, fluidized bed, and drop tube reactors at lower temperature or shorter holding time. Two remarkable results have been obtained: (1) Loss of reactivity by thermal annealing and structural reorganization follow similar pathways for coal and biomass. (2) The effect of CO2 on pyrolysis and thermal annealing is non-monotonic along with heat treatment: in the early instances of heat treatment (T = 1573 K, t < 0.1 s), CO2 fosters pyrolysis and thermal annealing, increasing structural ordering. At longer holding times (T > 1573 K, t > 1 s), instead, CO2 somewhat hampers thermal annealing.