The amount of private money raised for each yuan spent by government fell by almost half between 2006 and 2011

China is struggling to meet the emission-reduction goal set out in the 12th Five-Year Plan (Image by BASF)

Billions of yuan of state funds ploughed into energy efficiency projects have not triggered the level of private investment hoped for, according to a new report from China’s Tsinghua University.

The amount of private cash raised for each yuan of government investment in the sector fell by 45