Bring 1½ cups water to a boil in a medium saucepan. Pour in the rice and again bring to a boil. Cover the saucepan and reduce to a simmer. Let the rice simmer about 15 minutes, or until the rice is tender.
Remove the saucepan from the heat and place the shredded carrot on top of the rice. Cover and let the rice and carrots sit for about 5-7 minutes. Using a fork stir in the carrot and fluff the rice.
While the rice is cooking, prepare the meatballs. Combine the turkey, breadcrumbs, egg, green onions, cilantro, sugar, soy sauce, sriracha, the 1 tablespoon of water, and a dash of salt and pepper in a medium bowl. Mix until well combined.
Scoop out a tablespoon of the mixture and form into a meatball. Place on a foil-lined and sprayed cookie sheet. Repeat until all meatballs have been prepared.
Spray the meatballs with cooking spray and broil for about 10-15 minutes, or until the meatballs are browned and cooked.
Serve the meatballs alongside the carrot rice.