No change to geological feature will help
Peat isn't a geological formation in the first place - peat is a specific form of plant matter that only grows in specific formations. As such, no change to the geological settings of peat systems will ever help. The only geological formations that sustain a peat bog are those that already do: a layer not allowing water to pass down, and in a low bowl, so that water can collect there and feed the low-oxygen bog in the correct manner. Also, inflows may only carry low to no oxygen.
Size of the peat-forming basins increases peat production
The biggest factor that is relevant to the amount of peat formed in a peat bog over time is its area. The bigger it is, the more peat it can form per time, as more plants are involved in the processes.
Different plants have different output
The peat bog plants in different climate zones are different in output. A temperate bog has a lower growth rate than a tropic one, but they also are made from different plants. Note further, that only about a third of the peatland is actually actively growing - the other two-thirds are dormant or dead.
Plants that reproduce faster can help, as can techniques that cultivate them in controlled ("lab") environments and then put them in the peatlands to revitalize them can increase the reproduction rate. Taking cultured peatland plants and putting them in dormant peatlands is the main technique in getting peatlands to recover, as long as the landscape morphology is not destroyed and the water keeps its peatland properties.
Harvesting peat often destroys the peatlands
To harvest peat in the classical ways, the peat bogs will be dried, which destroys the whole peatland. The destruction is so massive that even in many attempts to return old peat mining to normal, the peatland never returned to its former status. In fact, the most prevalent type of peatlands, peat bogs, are so fragile that if a peat bog falls dry, the ecology can break down so totally, it kills the bog and transforms it into another type of landscape, even if it re-floods.
Renaturalizing former peat mines is a very complex thing and often enough, a matter of preserving what was left. This means, among other things, stabilizing the water table, ensuring the water keeps its peatland characteristics. Cultivated peatland plants can aid, but need to be planted carefully.
However, there is only rarely success in extending it back to cover larger areas in a short timeframe. The failure of revitalisation and renaturalization of peat extraction often is a direct result of the extractors not acting for years, keeping the peatlands dry, and thus resulting in irreversible damage to the remaining landscape. In other words: Peat should not be seen as a renewable resource as soon as it is harvested industrially - even tropical peatlands only grow at a few millimeters a year with earth plants, though cultivated plants can cut rehabilitation time of a not fully destroyed area down to decades instead of centuries..