A sweeping and newly passed Massachusetts climate change bill could derail development projects and thwart construction as the battered economy struggles to regain its footing, industry groups warn.

NAIOP Massachusetts, which represents major commercial and residential developers, says the goals of the bill, which would slash emissions by 50% of 1990 levels by end of this decade, are laudable. The NextGen Roadmap bill even won praise from one of state’s largest business groups, Associated Industries of Massachusetts, as well as from environmental organizations.