According to BloombergNEF, the US, Europe, and China are poised to become dominant players in the global supply of low-carbon hydrogen by 2030. These markets are expected to contribute 80% of clean hydrogen output, with the US leading at 37%, followed by Europe at 24% and China at 19%. The push towards clean hydrogen is supported by robust regulatory frameworks and incentives such as tax credits and subsidies. Industries like oil refining and chemicals, traditionally reliant on gray hydrogen from fossil fuels, are transitioning to green and blue hydrogen produced from renewable sources or paired with carbon capture. BNEF forecasts a significant surge in demand for hydrogen by 2050, driven by key sectors like iron and steel, aviation, and shipping. The shift to low-carbon hydrogen is crucial in achieving a net zero emissions scenario as outlined in the Paris Agreement. The report also highlights the substantial growth potential in electrolyzer capacity, with around 95 gigawatts expected to be operational by 2030, mainly in the Asia Pacific region. While challenges persist in tracking China's hydrogen projects, the overall outlook emphasizes a positive trajectory towards a cleaner and more sustainable energy future.