The report said it was wrong and pessimistic to claim that moving quickly towards cleaner energy sources was expensive.
Gas prices have soared on mounting concerns over energy supplies.
But the researchers say that going green now makes economic sense because of the falling cost of renewables.
“Even if you’re a climate denier, you should be on board with what we’re advocating,” Prof Doyne Farmer from the Institute for New Economic Thinking at the Oxford Martin School told BBC News.
“Our central conclusion is that we should go full speed ahead with the green energy transition because it’s going to save us money,” he said.