Is carbon trading bad?

Is carbon trading really a viable solution to mitigate climate change, or does it merely create a new financial market that benefits certain stakeholders? Some argue that it encourages corporations to reduce their emissions by putting a price on carbon, while others claim that it's a flawed system that allows polluters to buy their way out of responsibility. What's your take on this controversial topic? Do you believe carbon trading can effectively tackle the issue of climate change, or is it just another way for the rich to profit from the environmental crisis?