The International Energy Agency's Global Hydrogen Review 2024 reveals a surge in low-emissions hydrogen projects despite regulatory uncertainties and cost pressures. Projects reaching final investment decisions have doubled, with potential to amplify global production by 5 times by 2030. China leads in electrolyser capacity, emphasizing mass manufacturing. However, demand uncertainty and policy frameworks hinder progress, with only a fraction of production targets matched by demand goals. Policy tools like carbon contracts and sustainable fuel quotas aim to bridge this gap. Latin America emerges as a key player in the hydrogen landscape, focusing on refining and ammonia production. The report stresses the need for cost reductions through technology advancement and economies of scale, highlighting the potential for hydrogen to replace fossil fuel-based production. The industry's growth momentum is evident, but challenges persist, underlining the necessity of clear regulations and increased investment to meet climate objectives.