Journal
CONSERVATION SCIENCE AND PRACTICE
Volume 4, Issue 4, Pages -Publisher
WILEY
DOI: 10.1111/csp2.12660
Keywords
biodiversity offsets; covenant; easement; financial incentives; land trusts; market-based instruments; motivations; private land conservation; privately protected areas; stewardship
Categories
Funding
- Australia Land Conservation Alliance
- Nature Conservancy Australia
- Department of Primary Industries, Parks, Water and Environment
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Privately protected area (PPA) programs are increasing globally, but participating in such programs can be financially challenging for landholders. Governments and NGOs offer financial incentives to encourage enrollment and biodiversity management. In Australia, where conservation covenanting programs have been ongoing, a survey of 527 conservation covenantors revealed that less than half received financial incentives to enroll, but most applied for incentives after enrollment, primarily for management costs. The preferred incentive among covenantors was land rates rebates. Effectively deploying financial incentives can reduce the financial burdens of PPA management and increase the effectiveness of conservation efforts.
Globally, privately protected area (PPA) programs are increasing in size and number. Participating in a PPA program can be fiscally challenging for landholders (e.g., enrollment costs; potential reduction in land value; opportunity costs; costs of ongoing management). Government and nongovernmental organizations often offer financial incentives to landholders, in addition to nonfinancial incentives, to encourage program enrollment and ongoing biodiversity management. In Australia, where conservation covenanting programs have been ongoing for several decades, a diversity of financial incentives is available to landholders. We surveyed 527 conservation covenantors from three states in southeast Australia to investigate the uptake, use, experience and preference for financial incentives. Less than half of covenantors received a financial incentive to enroll, but most applied for some form of incentive after enrollment, predominantly to help with management costs. Covenantors identified challenges in accessing incentives, such as being unaware of funding opportunities or experiencing confusing application processes. We found land rates rebates to be the preferred financial incentive among covenantors, in part due to the perception that covenantors should not have to pay full rates on covenanted land. Our results suggest that while covenantors do not participate in PPA programs for financial incentives, effectively and efficiently deploying financial incentives can reduce the financial burdens of PPA management, potentially increasing the effectiveness of conservation efforts.
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