Iraq began to develop a mechanism for the implementation of projects by financing carbon bonds, as the Ministerial Council for Energy, in relation to the Council of Ministers Resolution No. (23472) of 2023, recommended granting the Deputy Prime Minister for Energy Affairs / Minister of Oil the authority to contract with companies specialized in reducing carbon, promising it a single offer and an exception to the contracting methods stipulated in the instructions for the implementation of government contracts (2 of 2014), As for the second paragraph of the decision authorizing the Minister of Environment to sign the letter of initiation (LOI) according to the global context after studying the offers by the Ministry of Oil, Article III stipulates that the proceeds of carbon reduction shall be transferred to the account of the management of Som F or any relevant national authority that legislates, The fourth paragraph refers to giving priority to associated gas investment projects and clean energy projects (solar and wind).