The stability of the earth’s temperature over time (including alternating bi-stable glacial/interglacial periods), as well as theoretical considerations, indicates that this heat engine we call climate must have some kind of governor controlling the throttle.
While all heat engines have a throttle, not all of them have a governor. In a car, a governor is called “Cruise Control”. Cruise control is a governor that controls the throttle (gas pedal). A governor adjusts the energy going to the car engine to maintain a constant speed regardless of changes in internal and external forcing (e.g. hills, winds, engine efficiency and losses).
We can narrow the candidates for this climate governing mechanism by noting first that a governor controls the throttle (which in turn controls the energy supplied to a heat engine). Second, we note that a successful governor must be able to drive the system beyond the desired result (overshoot).
(Note that a governor, which contains a hysteresis loop, is different from a negative feedback. A negative feedback can only reduce an increase. It cannot maintain a steady state despite differing forcings, variable loads, and changing losses. Only a governor can do that.