Hydrogen is emerging as a key player in the transition to a low-carbon future, particularly in sectors where reducing emissions is challenging. The International Energy Agency's Global Hydrogen Review 2024 points towards the increasing investment in low-carbon hydrogen projects. However, the production of hydrogen from fossil fuels still dominates the market, underlining the urgency to shift towards low-carbon options like renewable and nuclear energy-based electrolysis. The report highlights a positive trend in project investments but stresses the necessity of government interventions to boost demand in critical sectors such as heavy industry. Challenges like technology advancements, production costs, and regulatory uncertainties pose hurdles for the sector's rapid expansion. While government targets aim for significant low-carbon hydrogen production by 2030, there is a notable gap in demand, necessitating policies to align production and consumption. The COP29 Hydrogen Declaration recognizes the obstacles hindering the hydrogen market's development and calls for international cooperation to establish viable business models. Events like the Hydrogen Transition Summit aim to address these challenges and foster the growth of the hydrogen ecosystem by exploring innovative solutions and engaging the private sector in policy discussions. The involvement of industry leaders and policymakers signifies a collective effort to drive the transition towards sustainable hydrogen production and usage.