According to Bob Wigley, the chairman of a commission set up to evaluate the potential for founding a GIB in the UK, the institution would be separated into two arms - one providing private investment services, the other lending loans and banks to low carbon initiatives, the Guardian reported.
Phil Higgins, director of engineering and the technical sector for the Recruitment and Employment Confederation (REC), argued that not only would the move create jobs for energy engineers, but it could also stimulate the construction industry.
Explaining that there is a shortage of skilled workers in the UK for this kind of work, Mr Wigley argued that the nation has "comparable" and "transferable" skills and some money should go to investing in re-training existing engineers to complete energy-efficient work.