The scenario of $CO_2$ disposal in the deep-sea are thought to be possible method to reduce atmospheric $CO_2$ concentrations. However, it is necessary to clarify the effects of elevated $CO_2$ concentrations on both marine organisms and marine ecosystems. In this paper the literatures on the biological impact of elevated $CO_2$ concentrations in seawater and recent studies on the effects of elevated $CO_2$ concentrations on marine animals are reviewed. Elevated $CO_2$ concentrations may affect the physiological functions of marine animals such as acid-base regulation, blood oxygen transport and respiratory system, and ultimately lead to the death of marine animals. Although the fish used in the early studies on $CO_2$ effects are temperate, shallow-water species, deep-sea species should be experimented for the future study on $CO_2$ sequestration in the deep ocean.