The scope of this work was to evaluate simulated carbon monoxide (CO) and aerosol optical depth (AOD) from the CAM-chem model against observed satellite data and additionally explore the empirical relationship of CO, AOD and fire radiative power (FRP). The simulated seasonal global concentrations of CO and AOD were compared, respectively, with the Measurements of Pollution in the Troposphere (MOPITT) and the Moderate-Resolution Imaging Spectroradiometer (MODIS) satellite products for the period 2010–2014. The CAM-chem simulations were performed with two configurations: (A) tropospheric-only; and (B) tropospheric with stratospheric chemistry. Our results show that the spatial and seasonal distributions of CO and AOD were reasonably reproduced in both model configurations, except over central China, central Africa and equatorial regions of the Atlantic and Western Pacific, where CO was overestimated by 10–50 ppb. In configuration B, the positive CO bias was significantly reduced due to the inclusion of dry deposition, which was not present in the model configuration A. There was greater CO loss due to the chemical reactions, and shorter lifetime of the species with stratospheric chemistry. In summary, the model has difficulty in capturing the exact location of the maxima of the seasonal AOD distributions in both configurations. The AOD was overestimated by 0.1 to 0.25 over desert regions of Africa, the Middle East and Asia in both configurations, but the positive bias was even higher in the version with added stratospheric chemistry. By contrast, the AOD was underestimated over regions associated with anthropogenic activity, such as eastern China and northern India. Concerning the correlations between CO, AOD and FRP, high CO is found during March–April–May (MAM) in the Northern Hemisphere, mainly in China. In the Southern Hemisphere, high CO, AOD, and FRP values were found during August–September–October (ASO) due to fires, mostly in South America and South Africa. In South America, high AOD levels were observed over subtropical Brazil, Paraguay and Bolivia. Sparsely urbanized regions showed higher correlations between CO and FRP (0.7–0.9), particularly in tropical areas, such as the western Amazon region. There was a high correlation between CO and aerosols from biomass burning at the transition between the forest and savanna environments over eastern and central Africa. It was also possible to observe the transport of these pollutants from the African continent to the Brazilian coast. High correlations between CO and AOD were found over southeastern Asian countries, and correlations between FRP and AOD (0.5–0.8) were found over higher latitude regions such as Canada and Siberia as well as in tropical areas. Higher correlations between CO and FRP are observed in Savanna and Tropical forests (South America, Central America, Africa, Australia, and Southeast Asia) than FRP x AOD. In contrast, boreal forests in Russia, particularly in Siberia, show a higher FRP x AOD correlation than FRP x CO. In tropical forests, CO production is likely favored over aerosol, while in temperate forests, aerosol production is more than CO compared to tropical forests. On the east coast of the United States, the eastern border of the USA with Canada, eastern China, on the border between China, Russia, and Mongolia, and the border between North India and China, there is a high correlation of CO x AOD and a low correlation between FRP with both CO and AOD. Therefore, such emissions in these regions are not generated by forest fires but by industries and vehicular emissions since these are densely populated regions.