Abstract:Kelp is a valuable resource that plays vital roles in food supply, coastal ecosystem restoration, and blue carbon sequestration. Ocean warming and phosphorus limitation substantially alter the growth, reproduction, and ecosystem functions of kelp; however, their combined effects remain unclear. Here, we conducted controlled laboratory experiments to quantitatively assess the effects of ocean warming (2, 5, 10, 15, and 18 °C) and phosphorus limitation (replete, N:P = 10:1; limited, N:P = 100:1) on the growth and photosynthetic performance of Saccharina japonica. Warming enhanced S. japonica growth, net photosynthesis, and gross photosynthesis (p < 0.05), and improved light-harvesting and photosynthetic efficiency, with the strongest stimulation at 10–15 °C. Conversely, phosphorus limitation suppressed growth and photosynthetic performance (p < 0.05) and reconfigured the light-harvesting and photoprotective machinery. Specifically, chlorophyll a and fucoxanthin content, maximum photochemical efficiency, effective quantum yield, and maximum electron transport rate decreased, whereas non-photochemical quenching increased, indicating a shift from light utilisation to photoprotection. Warming and phosphorus limitation amplified the negative effects, with the inhibition of growth and photosynthetic capacity being strongest under high temperature (p < 0.05). Although carbon-concentrating mechanisms and activities of Calvin cycle enzymes were up-regulated and provided partial compensation, they did not fully offset the dual stress. This study demonstrates that both temperature and phosphorus availability significantly influence the growth and photosynthetic performance of Saccharina japonica, and that these factors interact to shape its physiological responses, thereby providing a mechanistic basis for understanding kelp acclimation under concurrent ocean warming and nutrient limitation. Moreover, our findings suggest that, under future warming scenarios, insufficient phosphorus supply may reduce net primary productivity and blue-carbon sequestration potential in kelp aquaculture systems; therefore, assessments of kelp ecological function and carbon-sink contributions should explicitly account for both warming trends and nutrient-stoichiometric imbalance.