Any paths for regulation under capitalism will end in either regulatory capture, or in complete noncompetitiveness like seen in the EU. Either one or more corporations buy out the regulation, stack the ranks with their people and decide on who can use what, when and how. Or you get an iceberg of a system that can't build, decide or do anything for years. The latter one only works if there is no competition in the world or any other group working at a faster pace on the problem.

I think the latter choice is better for the average person, but I think that for it to happen, the global system has to undergo some major disruption or crash so that everyone gets on board with it. Like all middle class and up has to lose their money or be starving or something. Also I find that kind of mentality impossible to swallow in the US, so in practice its not a choice or needs people literally starving.