Volcano eruption identification and watching is crucial to better understanding volcano dynamics, namely the near real-time identification of the eruption start, end, and duration. Eruption watching allows hazard assessment, eruption forecasting and warnings, and also risk mitigation during periods of unrest, to enhance public safety and reduce losses from volcanic events. The near real-time fire radiative power (FRP) product retrieved using information from the SEVIRI sensor onboard the Meteosat Second Generation (MSG) satellite are used to identify and follow up volcanic activity at the pan-European level, namely the Mount Etna and Cumbre Vieja eruptions which occurred during 2021. The FRP product is designed to record information on the location, timing, and fire radiative power output of wildfires. Measuring FRP from SEVIRI/MSG and integrating it over the lifetime of a fire provides an estimate of the total Fire Radiative Energy (FRE) released. Together with FRP data analysis, SO2 data from the Copernicus Atmosphere Monitoring Service (CAMS) is used to assess the relationship between daily emitted concentrations of SO2 and the radiative energy released during volcanic eruptions. Results show that the FRE data allows us to evaluate the amount of energy released and is related to the pollutant concentrations from volcanic emissions during the considered events. A good agreement between FRP detection and SO2 atmospheric concentrations was found for the considered eruption occurrences. The adopted methodology, due to its simplicity and near real-time availability, shows potential to be used as a management tool to help authorities monitor and manage resources during ongoing volcanic events.