The function of landscape plants on the ecosystem can alleviate environmental issues of urbanization and global change. Global changes due to elevated CO2 affect plant growth and survival, but there is a lack of quantitative methods to evaluate the adaptability of landscape plants to future climate conditions. Leaf traits characterized by leaf economic spectrum (LES) are the universal currency for predicting the impact on plant ecosystem functions. Elevated CO2 usually leads to photosynthetic acclimation (PC), characterised by decreased photosynthetic capacity. Here, we proposed a theoretical and practical framework for the use of LES and PC to project the potential performance of landscape plants under future climatic conditions through principal component analysis, structural equation modelling, photosynthetic restriction analysis and nitrogen allocation analysis. We used wintersweet (an important landscaping species) to test the feasibility of this framework under elevated CO2 and different nitrogen (N) supplies. We found that elevated CO2 decreased the specific leaf area but increased leaf N concentration. The results suggest wintersweet may be characterized by an LES with high leaf construction costs, low photosynthetic return, and robust stress resistance. Elevated CO2 reduced photosynthetic capacity and stomatal conductance but increased photosynthetic rate and leaf area. These positive physio‐ecological traits, e.g., larger leaf area (canopy), higher water use efficiency and stress resistance, may lead to improved performance of wintersweet under the predicted future climatic conditions. The results suggest planting more wintersweet in urban landscaping may be an effective adaptive strategy to climate change.