This study analyzes the economic and regulatory dynamics influencing the competitiveness of renewable hydrogen and PtX products in Germany and the EU. It evaluates key policies such as the EU Emissions Trading System (EU ETS), Renewable Energy Directive (RED), and Carbon Border Adjustment Mechanism (CBAM). Economic assessments show that renewable hydrogen can already be cost-competitive with natural gas at current carbon prices but remains less competitive compared to coal and kerosene. The report emphasizes that uncertain fossil fuel prices and carbon pricing uncertainties hinder investment. Targeted support and infrastructure development are critical to accelerate the adoption of renewable hydrogen and PtX.