Exactly, and I would just add the need for more outcome-based regulation as well. Set a standard, but let industry figure out a way to get there.
There are examples of this. Fuel efficiency would be one where there has been success, and different manufacturers will take different routes to get there. However, those tend to be the exceptions rather than the rule, which is very prescriptive requirements for most regulators, which prescribe a very clear path.
We have some of our members in the oil and gas sector who talk about the long path to implementing a new piece of equipment in one of their operations. Even if it's more efficient, more environmentally friendly and safer, it's such a long path to get there that often they'll delay the investment or it won't happen—