The International Energy Agency's Global Hydrogen Review 2024 reveals a doubling in low-emissions hydrogen project production that reached final investment decisions in the past year, indicating significant global momentum. However, challenges persist due to low demand, regulatory uncertainties, and cost pressures. While global hydrogen demand saw a modest increase in 2023, primarily driven by fossil fuels, the role of low-emissions hydrogen remains marginal. The report projects potential growth to 49 million tonnes annually by 2030, predominantly fueled by electrolysis projects. China leads in both committed projects and potential capacity, followed by Europe. Despite strong investor interest, the sector requires policy support and clearer regulations to attract buyers and bridge the gap between government-set production and demand targets. Government initiatives like carbon contracts for difference and sustainable fuel quotas show promise in stimulating demand but further action is needed to meet climate goals.