Yes.
Regarding the issue under discussion, there's a common analogy: imagine a water tank with two connections. One is continuously putting water into the tank. The other allows the water to drain out. Let's start with an empty tank and begin filling it. Because the pressure is initially low, it flows slowly out the drain line and the level of water in the tank rises. Eventually, however, the pressure will become great enough that the flow out matches the flow in and the water level will become fixed. This is a state of equilibrium.
Now, what happens if we make changes? If we increase the rate water comes in, the water will rise to a new, higher equilibrium depth. This would be analogous to the sun sending us greater amounts of radiative energy. If we lower that rate - cool off the sun - the new equilibrium level will be lower. However, direct measurements of the sunlight hitting the Earth do not show enough change to produce the warming that's been observed. The pattern has been a bit complicated, but over the last 35 years or so, the sun's output - it's total solar irradiance (TSI) - has gone down slightly.
So let's look at the other end. If we increase the size of the drain line, the water level will start to drop. That represents the suns warmth - now converted to infrared radiation - leaving the Earth at a greater rate. If we reduce the size of the drain line - if we make it more difficult for the IR to radiate away to space - the new equilibrium level will be higher.
The greenhouse effect warms planet by restricting their heat energy from leaving to space. Reducing the rate at which the ocean's can radiate their heat away will cause the Earth's equilibrium temperature to be higher than originally thought.