THE IMPACT OF THE COAL MINING AND COAL CHEMICAL SECTOR ON THE ECONOMY OF THE REGION

Abstract

This article examine the peculiarities of the development of the coal industry in Russia and China, which made it possible to assess the impact on the economy of the regions. Maintain economic stability in regions exclusively focus on the extraction and processing of coal resources. It becomes important for companies to diversify their production structure. The economic growth of coal mining and coal chemical companies is most often associated with vertical and horizontal industrial chains. The priority area for the coal industry is the vertical industry chain of coal mining, focused on the electric power industry, chemical and steel industries, as well as the production of building materials. To support the economic growth of the coal industry, local authorities recommended pay attention to the implementation of green technology projects, maintaining the clean energy industry, consolidating and effectively using the resource advantages of coal, as well as increasing the level of informatization and digitalization of coal mining technology. Implementing energy security and climate change response strategies based on the analysis and assessment of changes in coal demand, it is important to identify production capacities. As well as formulate a coal processing plan to ensure compatibility of coal supplies with national demand and avoid short-term interruptions in energy supplies.