The European Union has set ambitious targets to increase the consumption of green hydrogen to 20 million tons by 2030. A recent white paper from Hamburg Commercial Bank emphasizes the importance of near-term investments, early risk mitigation, and clear regulatory frameworks to achieve these goals. Challenges lie in scaling up production capacity and improving cost efficiency, with significant investments required for infrastructure development. The report highlights the need for a strong policy framework to support the bankability of green hydrogen projects, with a focus on local production to minimize costs and risks. Industries like metal, chemical, and refineries are expected to be key consumers in the near term, while the creation of necessary infrastructure by 2030 could lead to global production. However, a report from Westwood Global Energy warns that without urgent policy interventions, less than 20% of the EU's planned hydrogen projects may come to fruition by 2030, with several projects already stalled or canceled. The importance of government subsidies, funding programs, and regulatory incentives is stressed to bridge the gap between ambition and reality in Europe's hydrogen sector.