November 20, 2012 10:10 PM

Our View: Did air auction work? Answer remains unclear

Air Resources Board chairwoman Mary D. Nichols proclaimed the first auction of carbon allowances to be a success. Environmentalists who want cap and trade to succeed also praised it. In reality, the first live auction conducted last week was like a taking a test drive in an alternative fuel vehicle. Maybe it will fit California's needs; maybe it won't.

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