EAST RUTHERFORD, NJ-Gov. Jon Corzine will have Al Gore by his side when he signs the Global Warming Response Act in the Meadowlands today, which is being called the nation’s strongest effort to reduce greenhouse gas. The bill will make the Department of Environmental Protection reduce state greenhouse gas levels to 1990 levels by 2020, and 80% below 2006 levels by 2050. The DEP will work groups such as the Board of Public Utilities, the Department of Transportation, the Department of Community Affairs to achieve these goals.

The exact impact on commercial real estate is unknown. New Jersey is already famous for its tough environmental standards for developers. Builders nationwide have been favoring green-building materials and designs recently, both for their energy-efficiency and their selling ability to buyers and tenants.

New Jersey already is ahead of most states in preserving land. Most of the undeveloped land in the state is already off-limits by the Pinelands and Highlands legislation.

The signing comes a day before the Live Earth concert at Giants Stadium, which Gore will be hosting. Other Live Earth events will be held simultaneously at seven other international locations: London, Hamburg, Shanghai, Tokyo, Rio de Janeiro, Sydney and Johannesburg. A team of scientists on Antarctica will broadcast in, giving participation from all seven continents.

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