As part of the European Green Deal, the 'Fit for 55' legislative package is driving efforts to reduce greenhouse gas emissions, with a particular focus on advancing renewable hydrogen. In the Netherlands, the implementation of RED III involves significant changes to boost the use of renewable fuels of non-biological origin (RFNBOs) in industrial operations. By 2030, a substantial portion of hydrogen used in the industry must be sourced from renewable fuels, increasing to 60% by 2035. Additionally, the transport sector is also targeted, with requirements for a percentage of energy to be derived from RFNBOs by 2030. The introduction of the Annual Obligation Act sets specific obligations for operators of industrial facilities, with a tradable unit system and reporting mechanisms to ensure compliance. To support these goals, the Dutch Emissions Authority oversees the trading of renewable hydrogen units, with companies needing to acquire a sufficient number to meet their annual obligations. While companies can opt for voluntary participation, those surpassing a hydrogen usage threshold are obligated to fulfill the requirements. Furthermore, RED III introduces a correction factor to encourage direct utilization of renewable hydrogen in transportation, offering more credits for this application than for hydrogen used in refining processes. Despite the positive push towards renewable hydrogen, concerns have been raised within the refinery sector regarding the correction factor. Some fear that it may hinder the adoption of green hydrogen in refineries, potentially affecting their financial incentives. This debate underscores the complexities and challenges in navigating the transition to renewable energy sources. RED III's ambitious targets and regulatory framework aim to drive sustainable practices and emissions reductions, albeit with considerations for various industry stakeholders.