Green hydrogen, produced by splitting water molecules using renewable power, is seen as a clean energy alternative that could significantly reduce greenhouse gas emissions. The Hydrogen Council lists a substantial number of global projects and investments in green hydrogen, indicating a growing interest in this technology. European countries are looking to import green hydrogen to decarbonise industries, necessitating significant investments in infrastructure. Chile and South Africa, with ample sun and wind resources, are seen as potential suppliers. While both countries aim to become major players in the green hydrogen market, they face financial challenges in setting up the necessary industries. Despite initiatives like the Green Hydrogen Fund in Chile and the Hydrogen Society Road Map in South Africa, concerns about debt sustainability persist. The key lies in creating a conducive business environment for foreign investment while ensuring local participation in green hydrogen projects. Wealthier countries are urged to share the financial risks and support through long-term purchase agreements to prevent host countries from falling into a debt trap. As green hydrogen continues to gain momentum globally, collaboration and strategic financing will be crucial for its successful implementation and widespread adoption.