Despite the need for preserving the carbon pools in fire-prone southern European landscapes, emission reductions from wildfire risk mitigation are still poorly understood. In this study, we estimated expected carbon emissions and carbon credits from fuel management projects ongoing in Catalonia (Spain). The planning areas encompass about 1000 km 2 and represent diverse fire regimes and Mediterranean forest ecosystems. We first modeled the burn probability assuming extreme weather conditions and historical fire ignition patterns. Stand-level wildfire exposure was then coupled with fuel consumption estimates to assess expected carbon emissions. Finally, we estimated treatment cost-efficiency and carbon credits for each fuel management plan. Landscape-scale average emissions ranged between 0.003 and 0.070 T CO2 year −1 ha −1. Fuel treatments in high emission hotspots attained reductions beyond 0.06 T CO2 year −1 per treated ha. Thus, implementing carbon credits could potentially finance up to 14% of the treatment implementation costs in high emission areas. We discuss how stand conditions, fire regimes, and treatment costs determine the treatment cost-efficiency and long-term carbon-sink capacity. Our work may serve as a preliminary step for developing a carbon-credit market and subsidizing wildfire risk management programs in low-revenue Mediterranean forest systems prone to extreme wildfires.