Recently a boost in the debate on market mechanisms of climate change has been observed over the world. Carbon trading, particularly REDD (Reducing Emissions from Deforestation and Forest Degradation), CDM (Clean Development Mechanism), and LULUCF (Land Use, Land Use Change and Forestry) are some hot selling items now and on the table of Multilateral Development Banks (MDBs) and high profile green organisations. This paper discusses how selling carbon captured by the Sunderbans can generate funds; however, experience from other countries has shown that such sale of carbon credits is likely to result in the eviction from the forests of the locals and deprivation of livelihoods and a final denudation of the forests because of profit-driven motive.