Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Thematic Session: Land use and ecosystem restoration in the Iberian Peninsula (Streaming) Location: B009 Session Chair: Maria L. Loureiro, Univgersity Santiago de Compostela Session Chair: Lígia Pinto, University of Minho | |
| Presentation 5 | |
Not in the same boat! Is the compensation for negative externalities associated with an open-pit lithium mine equitable? 1: University of Minho, Portugal; 2: University of Santiago de Compostela Considering the pressing challenges posed by climate change and the commitments outlined in the Paris Agreement, nations have pledged to enhance their greenhouse gas emissions targets, pressing for increased electrification and a greater reliance on renewable energy sources. The demand for lithium extraction has, consequently, surged to meet the growing need for battery production. The detrimental environmental impacts of lithium extraction are well-documented, prompting discussions around the establishment and quantification of compensatory measures. This study examines the case of the Barroso region in Portugal, which has been designated by the Food and Agriculture Organization (FAO) as a Globally Important Agricultural Heritage System (GIAHS) and is currently subject to a lithium mining operation. Generalized Linear Model (GLM)to estimate the premium effect for the GIAHS classification on the local rural estate market is proposed.The analysis employs hedonic pricing methods in the rural land market using a difference-in-differences approach, comparing property prices prior to and subsequent to the GIAHS classification. The findings indicate that the GIAHS premium effect for the Barroso Region is estimated at 0.4139 ± 0.1430 €/m². When juxtaposed with the financial compensation proposed for the mine installation—calculated as 3% of the international lithium market value of the extracted quantity—it is revealed that this compensation corresponds to only 20% of the GIAHS premium effect. This significant disparity suggests that the majority of external costs are being socialized among the affected local populations. | |

