Page 23 - Georgia Forestry - Issue 4 - Fall 2021

DRIVING
INNOVATION.
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INITIAL RESEARCH FINDINGS
Simplicity: Feedback from landowner focus groups stressed the importance of simple agreements and highlighted the risk of encroaching too much on private property rights by limiting harvests and obstructing land-use decisions.
Creativity: Opportunities to attract sustained funding from large corporations could come in the form of green bonds. Investments in green bonds usually come with tax incentives such as tax exemption and tax credits, making them a more attractive investment compared to a comparable taxable bond. Sustained funding would provide the startup costs necessary to develop a long-term strategy.
Collaboration: Program models can lean heavily on a broad group of stakeholders and funding sources to increase scale and impact. Activities must be undertaken and maintained to develop and grow landowner networks and cost-benefit awareness among water authorities.
Communications: Successful programs recognize the importance of including other ecosystem service benefits, such as public safety, flood reduction, recreation, scenic beauty and wildlife habitat. That means communicating the value of forests above and beyond water quality to partners, audiences, conservation programs and funders.