Addressing environmental pollution is fundamental to establishing sustainable development across the globe. While navigating the Fourth Industrial Revolution, it is of critical relevance for economies worldwide to come up with innovative measures that can withstand the factors driving environmental pollution. On that note, this study explores the technological innovation‐environmental pollution linkages in the context of 10 members of the Organization for Economic Cooperation and Development (OECD) using data spanning from 1994 to 2018. Notably, considering ecological footprints as the environmental proxy, the analysis controls for the corresponding levels of economic growth, financial development, and renewable energy consumption in the concerned countries. In addition, the long‐term estimates are investigated using Augmented Mean Group, Common Correlation Effects Mean Group, Fully Modified Ordinary Least Square, and Dynamic Ordinary Least Square techniques while the causality relationship is determined by Dumitrescu‐Hurlin panel bootstrapped causality test. The results establish the long‐term cointegrating linkages among the variables considered. It is also observed that economic growth increases the ecological footprint level, while technological innovation, renewable energy consumption, and financial development reduce it. Moreover, the results reveal that technological innovation and ecological footprint causally influence each other, while there are one‐way causalities moving from economic growth and financial development to ecological footprint. Furthermore, a two‐way causality concerning renewable energy consumption and ecological footprint is also detected. Considering these results, it is pertinent for the selected OECD countries to improve energy efficiency rates, scale investment for developing the renewable energy sector, and execute policies that support investments in initiatives concerning low‐carbon technological development. Additionally, these countries should look to implement policies that are compatible with the objectives of establishing green growth so that low‐emission development can take place to tackle climate change‐related problems.

中文翻译：

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部分经合组织国家技术创新与环境污染之间的关系

解决环境污染是全球可持续发展的基础。在第四次工业革命中，提出能够抵御造成环境污染的因素的创新措施对于世界各地的经济体至关重要。有鉴于此，本研究使用 1994 年至 2018 年的数据，探讨了经济合作与发展组织 (OECD) 10 个成员国背景下的技术创新与环境污染之间的联系。值得注意的是，考虑到生态足迹作为环境指标，分析控制相关国家相应的经济增长、金融发展和可再生能源消费水平。此外，使用增广均值组、共同相关效应均值组、完全修改普通最小二乘法和动态普通最小二乘法技术研究长期估计，而因果关系则通过 Dumitrescu-Hurlin 面板自举因果检验确定。结果建立了所考虑的变量之间的长期协整联系。研究还发现，经济增长增加了生态足迹水平，而技术创新、可再生能源消耗和金融发展则降低了生态足迹水平。此外，研究结果表明，技术创新和生态足迹相互影响，而经济增长和金融发展与生态足迹之间存在单向因果关系。此外，还发现了有关可再生能源消耗和生态足迹的双向因果关系。考虑到这些结果，选定的经合组织国家有必要提高能源效率，扩大可再生能源行业发展投资，并执行支持低碳技术发展倡议投资的政策。此外，这些国家应寻求实施与建立绿色增长目标相一致的政策，以便实现低排放发展，以解决与气候变化相关的问题。