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The report identifies Iraq as one of the most climate-vulnerable countries globally, facing severe water scarcity, rising temperatures, and desertification. It proposes a strategic framework to prioritize GCF funding across key sectors, including energy, agriculture, water, and urban development. The document details a prioritized list of 19 projects, with high-priority initiatives focusing on climate-resilient livelihoods in southern Iraq and the transformation of the agricultural and water sectors. It emphasizes the need for international financial support, technology transfer, and the mobilization of private sector investment to bridge significant development gaps and reduce greenhouse gas emissions, particularly from the energy sector, which accounts for 85% of national emissions as of 2019.

The SRVALI project aims to address acute water scarcity and energy deficits in Southern Iraq. It proposes converting 68 km of open irrigation canals to closed piped systems, installing 1 MWp of solar photovoltaic systems on canals to power water pumps, and training 10,000 farmers in climate-resilient agriculture. The project also focuses on empowering women through a 'Climate Wise Women' cadre and developing national strategies for water allocation and rural solar electrification.