The Russian government has approved an updated program for the development of the coal industry until 2050

Russia is expecting the emergence of new consumers of coal and an increase in its production to 662 million tons by 2050. As follows from the message from the government press service, which talks about the approval of the updated program for the development of the Russian coal industry within the specified time frame, the authorities see the key to such dynamics in AI and other new technologies.

“In connection with the digital transformation of the economy, automation and robotization of technological processes, the introduction of artificial intelligence and other innovative technologies, new consumers of coal products will appear in Russia in the near future,” the Cabinet of Ministers noted, in particular.

According to the industry development program, until 2030, measures for its structural development will be implemented, including the provision of state support measures, then, until 2036, it is planned to ensure a rational approach to the integrated use of coal in the domestic economy, taking into account the readiness and availability of technologies in mining and processing, to create conditions for the transition to a new technological structure, and in 2037-2050 - to realize the potential competitive advantages of coal enterprises by forming long-term partnerships with related industries.