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A hydrogen economy is an increasingly popular solution to lower global carbon dioxide emissions. Previous research has been focused on the economic conditions necessary for hydrogen to be cost competitive, which tends to neglect the effectiveness of greenhouse gas mitigation for the very solutions proposed. The holistic carbon footprint assessment of hydrogen production, distribution, and utilization methods, otherwise known as “well-to-wheels” carbon intensity, is critical to ensure the new hydrogen strategies proposed are effective in reducing global carbon emissions. When looking at these total carbon intensities, however, there is no single clear consensus regarding the pathway forward. When comparing the two fundamental technologies of steam methane reforming and electrolysis, there are different scenarios where either technology has a “greener” outcome.