The EPA claims its Clean Power Plan will end up saving lives from reducing air pollution, but a new report by a free market energy group warns the agency’s global warming rule will end up killing more than it saves.

“The EPA’s climate rule has no discernible impact on climate change and may cause thousands of premature deaths in the United States,” according to a recent report by the free market Institute for Energy Research (IER). “The EPA relies on faulty data to make exaggerated claims about the benefits of a rule that will cost Americans hundreds of billions of dollars and plunge millions of families into poverty.”

“The loss of disposable income due to higher energy bills will leave families with less money to spend on health care, prescriptions, and other essentials. Therefore, EPA should withdraw its expensive and harmful carbon regulation,” according to IER’s report.

As part of President Barack Obama’s global warming agenda, the EPA finalized the Clean Power Plan earlier this month. The rule aims to reduce carbon dioxide emissions from existing power plants 32 percent below 2005 levels by 2030 and limit emissions from newly built electricity generating units. The rule is expected to have virtually no impact on global warming, but the EPA argues thousands of lives will be saved every year as coal plants are shut down and levels of air pollutants decrease.

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