The International Renewable Energy Agency (IRENA) has conducted an in-depth analysis on the techno-economic potential for global trade in green hydrogen and related commodities by 2050. The study evaluates potential trade flows using cost-optimization models under two main scenarios. The 'Same Weighted Average Cost of Capital (WACC) Scenario' highlights the competitiveness drivers like resource quality and proximity to demand centers. Meanwhile, the 'Differentiated WACC Scenario' shifts trade dynamics based on country-specific financial risks and costs of capital. The analysis projects that around 53 million tonnes of hydrogen equivalent per year will be traded globally by 2050, with hydrogen-based commodities dominating the trade due to better transport economics. The report emphasizes the need for significant investments of USD 2.49 trillion by 2050, primarily directed towards developing 4.7 terawatts of renewable energy capacity, 2.1 terawatts of electrolysers, and 0.9 terawatt-hours of battery storage. The largest share of investment will be in renewable energy generation, followed by electrolysers and conversion plants. Furthermore, stable policies, certification schemes, and international cooperation are highlighted as crucial factors for realizing the full potential of green hydrogen trade. The study envisions green hydrogen trade as a pathway to achieving decarbonization goals, enhancing energy security, and fostering economic growth, especially in developing nations. By identifying strategic trade partners and investment priorities, the analysis aims to support a just and inclusive global energy transition.