The Carbon Equivalence Principle in Project Finance

Byside and Celside are two of the world's largest asset managers. Byside has made a lot of progress on carbon emissions in project finance deals, while Celside is more focused on transportation counterparties like airlines and shipping. Both banks say they want to achieve carbon net zero by 2050 but regulators have said that it will be very difficult for them to do so. Do you think some regulation should come in place to impose those decisions?