The radiative energy emitted by large fires and the corresponding smoke aerosol loading are simultaneously measured from the MODIS sensor from both the Terra and Aqua satellites. Quantitative relationships between the rates of emission of fire radiative energy and smoke are being developed for different fire-prone regions of the globe. Preliminary results are presented. When fully developed, the system will enable the use of MODIS direct broadcast fire data for near real-time monitoring of fire strength and smoke emission as well as forecasting of fire progression and smoke dispersion, several hours to a few days in advance.