I would say that they're very different tools. You absolutely need all of the different tool kits. You need the regulation. Regulation feeds into taxonomy. It is not the other way around.
Taxonomy governance usually has the official sector monetary authority at the top of the house, which leads it. In Canada's case, we recommended the provinces. We recommended that the financial community take a step back and take a minor portion of that. You also have a secretariat with the skills to do the work, and then you have industry working groups. That is where industry and finance will pull together the recommendations that go to public consultation to be ultimately approved.
Policy regulation feeds into taxonomy, and that feeds into Canada's transition. It's a translation tool.