Green hydrogen is essential for decarbonizing industries, but challenges like high production costs and limited binding purchase agreements hinder its development. Governments and companies are investing in green hydrogen technologies to expedite market growth. The global green hydrogen market is expected to reach $1.4 trillion by 2050, supporting millions of jobs annually and reducing carbon emissions by 2050. However, significant investments and infrastructure developments are required to overcome obstacles and establish a strong global green hydrogen industry. While the transition to green hydrogen is vital for hard-to-abate industries, the high costs of production and transportation limitations pose significant hurdles. Despite the current challenges, the sector is receiving increased investments, with hopes of making green hydrogen competitive within a decade. The potential for green hydrogen to reduce carbon emissions significantly and support industries like steelmaking and aviation is driving global interest in the clean fuel. Governments worldwide are pushing for a green transition, aiming to produce large quantities of carbon-free hydrogen by the end of the decade. However, the industry faces the issue of nonbinding purchase agreements, hampering the progress of green hydrogen projects. Private companies play a crucial role in establishing meaningful agreements to boost production capacity and market uptake of green hydrogen. The development of infrastructure for transporting green hydrogen is also a key challenge, requiring innovative solutions like supercooling the hydrogen for transport. Establishing regional transport links for international trade presents additional complexities. Despite obstacles, green hydrogen remains a promising solution for decarbonizing heavy industries in the future, emphasizing the necessity for continued investments and collaboration to realize its full potential.