India qualifies to be a host country for the CDM projects only. India is considered as one of the most potential countries in the world for CDM projects. This is due to its large power sector that depends on fossil fuels, and to the proactive policies of the Indian government towards CDM. The power sector alone is estimated to emit 433 million tonnes of CO2 per annum. The total CO2 reduction potential through CDM projects in India is estimated to be around 300 million tonnes. The largest potential is in the renewable energy sector with 90 million tonnes CO2 equivalents. The total expected average annual CER's from registered projects by India are about 22 million having a 15% world share. Hence the India has a large potential to earn carbon credits and in this context the carbon consultancy service has a greater part to play and is going to add a new dimension to the Environmental consultancy and financial services arena (Energy Information Administration, 2011).