This document summarizes the key risks oceans face under different levels of global warming, as identified in the IPCC's assessments. Oceans are already experiencing rising temperatures, deoxygenation, acidification, and reduced primary production. These changes intensify risks to marine life, fisheries, and coastal communities. Risks are greater above 1.5°C of warming, including potential losses of 90% of corals and a 20% reduction in habitat ranges of marine species. Limiting warming to 1.5°C compared to 2°C or more could help reduce these additional risks and allow more natural adaptation. Regional adaptation is already occurring but capacity is highest at lower warming levels.