This document identifies areas where targeted GCF investment would have a greater impact. The document analyses the GCF portfolio through the eight results areas and compares it with current analysis on country programme briefs. The removal of barriers is identified as a key way for GCF to have most impact, including, for example, mobilizing investors in re/insurance measures. Finally, a review of the quality of climate information and data used in the approved funding proposals is presented. The document includes several follow-up actions to be pursued by the Secretariat where targeted GCF investment would have the most impact.