NOAA's CHAMP is funded by the NOAA Coral Reef Conservation Program, which focuses mostly on three threats facing coral reefs today: climate change, effects of overfishing, and land-based sources of pollution. You can find more about the CRCP here. Below is brief introduction to climate change as it affects coral reefs, taken from that site.
Climate change impacts have been identified as one of the greatest global threats to coral reef ecosystems. As temperature rise, mass bleaching, and infectious disease outbreaks are likely to become more frequent. Additionally, carbon dioxide (CO2) absorbed into the ocean from the atmosphere has already begun to reduce calcification rates in reef-building and reef-associated organisms by altering sea water chemistry through decreases in pH (ocean acidification). In the long term, failure to address carbon emissions and the resultant impacts of rising temperatures and ocean acidification could make many other coral ecosystem management efforts futile.
Climate change and ocean acidification have been identified by many groups as the most important threat to coral reefs on a global basis. In 2007, the Intergovernmental Panel on Climate Change (IPCC) noted that the evidence is now "unequivocal" that the earth's atmosphere and oceans are warming. They concluded that these changes are primarily due to anthropogenic greenhouse gases (i.e.those derived from human activities), especially the accelerating increase in emissions of CO2.
While reducing CO2 and other greenhouse gas emissions is vital to stabilize the climate in the long term, excess CO2 already in the atmosphere has changed and will continue to change global climate throughout the next century. Global ocean temperature has risen by 0.74°C (1.3°F) since the late 19th century causing more frequent and severe bleaching of corals around the world. At the current increasing rate of greenhouse gas emissions, a temperature rise of up to 4.0°C (7.2°F) this century is a distinct possibility. These changes have already had harmful impacts on coral reef ecosystems and will continue to affect coral reef ecosystems globally over the coming century. At the same time, the ocean absorbs approximately one-third of the additional CO2 generated every year by human activities, making the ocean more acidic. The resulting change to ocean chemistry has important consequences for corals and other marine life, especially other important reef builders. Warming seas and ocean acidification are already affecting reefs by causing mass coral bleaching events and slowing the growth of coral skeletons. Bleaching and infectious disease outbreaks are likely to be more frequent and severe as temperatures rise, increasing coral mortality. Climate changes will have other impacts on marine systems such as sea level rise; altered frequency, intensity, and distribution of tropical storms; altered ocean circulation; and others. All of these impacts will combine, often synergistically, to eliminate important ecosystem function and reduce global biodiversity.