Efforts are being made to transition from fossil fuels to renewable, cleaner, and lower-carbon fuels in the energy sector. Short-term actions involve reducing the operation of coal-fired power plants and planning for their phase-out. Long-term strategies focus on increasing renewable energy capacity and promoting the production of low-carbon fuels like sustainable aviation fuel, green hydrogen, and methanol for industries. Green hydrogen has emerged as a key green fuel to reduce emissions in hard-to-abate sectors such as steel, cement, and petrochemicals. Deloitte's Global Hydrogen Outlook 2023 emphasizes the crucial role of green hydrogen in achieving global net-zero greenhouse gas emissions by 2050. The report forecasts green hydrogen production to reach 172 million tons/year by 2030 and 598 million tons/year by 2050, a significant portion of global electricity demand. Although the development of the green hydrogen market faces challenges due to high costs compared to fossil fuels, cost projections indicate a decline over time. By 2050, countries like Australia, the Middle East, and North Africa are expected to be major hydrogen exporters, while China, India, and the European Union are anticipated to rely on hydrogen imports to meet domestic demand. Production costs of green hydrogen, estimated through levelized cost analysis, show a decreasing trend from $3.1/kg in 2025 to $1.9/kg in 2050, making green hydrogen a competitive option in the future energy landscape.