The Global Hydrogen Review 2024 by the International Energy Agency (IEA) sheds light on the current status and future prospects of hydrogen projects globally. In the past year, there has been a significant increase in investments in hydrogen projects, particularly driven by China, with a focus on building electrolyzer capacities. Despite this positive trend, challenges such as regulatory uncertainties, slow demand signals, and financial obstacles hinder the progress of many projects. Governments worldwide have ambitious production targets for low-emission hydrogen by 2030, but the gap between production ambitions and actual demand is a concerning risk. Lack of infrastructure investments further complicates the situation. The report stresses the importance of robust demand support policies, regulatory coherence, and cost reduction strategies to stimulate the adoption of hydrogen in various industries. Cost remains a significant factor, as producing low-carbon hydrogen is currently more expensive than fossil fuel-based production. However, the report suggests that technological advancements and economies of scale could drive costs down by 2030. Regions like Latin America and China show promise in becoming key players in low-carbon hydrogen production, with initiatives like certification frameworks and substantial electrolyzer manufacturing capacities. In conclusion, while the global hydrogen market is witnessing growth, there is a pressing need for enhanced policies, regulatory alignment, and cost-effective production methods to bridge the gap between supply and demand. Accelerating demand through incentives and clear frameworks is crucial to realizing the full potential of hydrogen in various industries.