Abstract. Emissions from biomass burning are a significant source of air pollution, which can adversely impact air quality and ecosystems thousands of kilometres downwind. These emissions can be estimated by a bottom-up approach that relies on fuel consumed and standardized emission factors. Emissions are also commonly derived with a top-down approach, using satellite-observed fire radiative power (FRP) as a proxy for fuel consumption. Biomass burning emissions can also be estimated directly from satellite trace gas observations, including carbon monoxide (CO). Here, we explore the potential of satellite-derived CO emission rates from biomass burning and provide new insights into the understanding of satellite-derived fire CO emissions globally, with respect to differences in regions and vegetation type. Specifically, we use the TROPOMI (Tropospheric Monitoring Instrument) high-spatial-resolution satellite datasets to derive burning CO emissions directly for individual fires between 2019 and 2021 globally. Using synthetic data (with known emissions), we show that the direct emission estimate methodology has a 34 % uncertainty for deriving CO emissions (and a total uncertainty of 44 % including wind and CO column uncertainty). From the TROPOMI-derived CO emissions, we derive biome-specific emission coefficients (emissions relative to FRP) by combining the direct emission estimates and the satellite-observed FRP from the Moderate Resolution Imaging Spectrometer (MODIS). These emission coefficients are used to establish annual top-down CO emission inventories from biomass burning, showing that Southern Hemisphere Africa has the highest CO biomass burning emissions (over 25 % of global total of 300–390 Mt(CO) yr−1 between 2003–2021), and almost 25 % of global CO biomass burning emissions are from broadleaved evergreen tree fires. A comprehensive comparison between direct estimates, top-down and bottom-up approaches, provides insight into the strengths and weaknesses of each method: FINN2.5 has higher CO emissions, by a factor between 2 and 5, than all other inventories assessed in this study. Trends over the past 2 decades are examined for different regions around the globe, showing that global CO biomass burning emissions have, on the whole, decreased (by 5.1 to 8.7 Mt(CO) yr−1), where some regions experience increased and others decreased emissions.