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The Queensland government has launched its $500 million Land Restoration Fund, with $5 million initially on offer.

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The Queensland budget reveals how waste levy revenue will be spent, and also outlines plans for launching its green bond-backed $500 million Land Restoration Fund.

The Palaszczuk government has started work on a $500 million fund to support land-based carbon offset projects, and has introduced a new bill to tighten controls on clearing.

The federal government's ERF advisory committee has launched a review of rules for two types of carbon offset projects that between them have abatement contracts worth about $1 billion.

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A Footprint analysis of carbon credit projects, renewables investment and energy productivity initiatives shows NSW has snared the lion's share of ERF revenue, and Queensland is set to dominate large-scale solar.

The expert committee that advises the government on the integrity of the ERF plans to fast-track a review of methods that underpin carbon abatement contracts worth about $943 million.

Two types of projects that dominate the Emissions Reduction Fund might not be capable of delivering all the carbon abatement they anticipated, based on new satellite imagery.