Leaves from three species of Eucalyptus were combusted in a mass-loss calorimeter to characterise the effect of fuel moisture on energy release and combustion products for this genus. Increasing moisture content reduced peak heat release and the effective heat of combustion in a negative exponential pattern while simultaneously increasing time-to-ignition. Estimates of the probability of ignition, based upon time-to-ignition data, indicated that the critical fuel moisture content for a 50% probability of ignition ranged from 81 to 89% on a dry-weight basis. The modified combustion efficiency of leaves (the ratio of CO2 concentration to the sum of the CO2 and CO concentrations) decreased exponentially as fuel moisture increased. This was because CO2 concentrations during combustion declined exponentially while CO concentrations increased exponentially. However, CO2 mixing ratios were always greater by at least one order of magnitude. Emission factors for CO2 declined exponentially with increasing fuel moisture content while CO emission factors increased exponentially to a maximum. The emission factors for volatile organic compounds increased in a pattern similar to that for CO with increasing fuel moisture content. The empirical relationships identified in this study have implications for fire-behaviour modeling and assessing the effect of fire on air quality and climate.