The latest Hydrogen Insights report reveals a rapid growth in total investment in hydrogen projects, projected to surpass $680bn in 2024, with a notable increase in clean hydrogen projects reaching Final Investment Decision (FID). This surge in investment is crucial as the global project pipeline for hydrogen has expanded significantly, emphasizing the need for accelerated FID to align with climate commitments. Although there has been progress in the sector, the report highlights the necessity for an eight-fold increase in hydrogen investments by 2030 to stay on course with climate goals. Notably, North America has shown substantial growth in hydrogen projects, underlining the significance of regulatory clarity, support for demand drivers, and midstream infrastructure development. Challenges facing the hydrogen sector include regulatory uncertainties, rising costs, and macroeconomic challenges. The report also stresses the importance of addressing project delays and enhancing hydrogen refueling infrastructure deployment across different markets. Industry leaders emphasize the need for a united effort between governments and industry to realize hydrogen's full climate and socio-economic potential. By providing a supportive regulatory framework and targeted incentives, investors can gain the certainty needed to move projects forward, ultimately contributing to achieving global climate targets.