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Over the last decade, supply chain finance (SCF) has gained popularity and increasing attention among academicians and stakeholders in the context of financial flows in the supply chain. However, some research gaps still exist that need to be explored to improve the sustainability of supply chains. Specifically, there is a critical research need to look at the conceptual background of SCF and its potential applicability in various phases of supply chains. Therefore, this article aims to bridge this gap by conducting a comprehensive State‐of‐the‐Art literature review based on 367 papers published from 2006 to 2020. Furthermore, this article is one of the first attempts to present current and past studies in the domain of SCF in a holistic manner. The analysis highlights the most influential authors, keywords, organisations, leading publications and clusters in existing research areas. This article also sets out a proposed research framework based on the triangulation approach perspective, that is, financial perspective, buyer perspective and supply chain‐oriented perspective. The most important and unique contribution of the article is the identification of new and emerging research areas where the application of SCF is still in the nascent stage. These findings can guide stakeholders at every stage of the value chain to appropriately use techniques that model policies to better inform investment and operational decisions in line with Sustainable Development Goals.

The aim of this paper is to investigate the effectiveness of environmental taxes and environmental stringent policies in reducing CO2 emissions in a panel of 20 European countries for the period 1995-2012. As mounting global environmental and climate challenges are becoming great cause for concern, environmental stringency policies and environmental taxes are becoming the cornerstones for a sustainable environment. Applying panel cointegration tests, we found a negative and a statistically significant relationship between environment taxes (disaggregated into total, energy and transport taxes) and CO2 emissions on the one hand and also a negative and a statistically significant relationship between environmental policy stringent and CO2 emissions on the other. The robustness of the evidence is also supported by a quantile regression model. The higher the environmental stringency policy, the lower the CO2 emission. Similarly, the higher the revenue from total environmental tax, energy and transport tax, the higher the reductions in CO2 emissions. Both these two policy instruments were effective in reducing C O2 emissions. The positive impact of environmental tax on improving environmental quality should encourage policy makers to increase environmental tax as the current level of environmental tax is believed to be low relative to levels required to achieve climate change objectives and is also low relative to the social cost of carbon and relative to the prices of taxed fuels.