Short-term effects of pCO2 (700 – 380 ppm; HC-LC) and nitrate content (50-5 βM; HN-LC) on photosynthesis, estimated by different pulse amplitude modulated (PAMs) fluorometers and by oxygen evolution, were investigated in Ulva rigida (Chlorophyta) under solar radiation (ex-situ) and in the laboratory under artificial light (in-situ). After 6-days of incubation at ambient temperature (AT), algae were subjected to a 4 oC-temperature increase (AT+4oC) for 3 d. Both in-situ and ex-situ, maximal electron transport rate (ETRmax) and in situ gross photosynthesis (GP) measured by O2 evolution presented the highest values under HCHN, and the lowest under HCLN, across all measuring systems. Maximal quantum yield (Fv/Fm), and ETRmax of PSII (ETR(II)max) and of PSI (ETR(I)max), decreased under HCLN under AT+4°C. Ex situ ETR was higher than in situ ETR. At noon, Fv/Fm decreased (indicating photoinhibition), whereas ETR(II)max and maximal non-photochemical quenching (NPQmax) increased. ETR(II)max decreased under AT+4oC in contrast to Fv/Fm, photosynthetic efficiency (αETR) and saturated irradiance (EK). Thus, U. rigida exhibited a decrease in photosynthetic production under acidification, LN levels and AT+4oC. These results emphasize the importance of studying the interactive effects between environmental parameters using in-situ vs. ex-situ conditions when aiming to evaluate the impact of global change on marine macroalgae.