Climate Change for New Jersey's Real Estate Industry?
New Jersey's Global Warming Response Act, N.J.S.A. 26:2C-37, et seq., requires the New Jersey Department of Environmental Protection, or NJDEP, and other appropriate state agencies to prepare a report recommending measures necessary to reduce statewide greenhouse gas, or GHG, emissions to 1990 levels by 2020, including specific regulatory and legislative actions. The state released its draft recommendation on December 15, 2008, and held stakeholder meetings throughout January to receive public input. The final report is expected in March.