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The Clouds and the Earth’s Radiant Energy System (CERES) project produces a long-term global climate data record (CDR) that can be used to detect decadal changes in the Earth’s radiation budget (ERB) from the surface to the top-of-atmosphere (TOA). The CERES Energy Balanced and Filled (EBAF) product includes monthly mean shortwave (SW), longwave (LW), and net TOA all-sky and clear-sky radiative fluxes over 1-degree latitude by 1-degree longitude regions. The EBAF SW and LW fluxes are adjusted within their uncertainties to be consistent with the heat storage in the Earth-atmosphere system (Johnson et al. 2016). EBAF also provides a gap-free monthly mean clear-sky flux map by inferring clear-sky fluxes from both CERES and MODIS measurements (Loeb et al. 2018). In this study, we compare the TOA clear-sky fluxes from Aerocom phase III output with those from the CERES EBAF products. Flux differences over the ocean are generally smaller than over the land, and the magnitude of the differences shows seasonal and regional dependency. To understand the flux differences, aerosol optical depths (AOD) from the Aerocom models are compared with the satellite retrievals from MODIS and MISR. Over the ocean, the AOD differences and the flux differences show consistent regional features, indicating that the differences between models and observations are robust as the CERES EBAF clear-sky SW fluxes and MODIS/MISR AODs are determined independently. However, very little resemblance is found between the AOD and flux differences over the land. To further understand the cause of the flux differences over the land, we compare the land surface albedo from MODIS with the albedo from the models and find consistency in regional albedo differences and flux differences. Monthly regional radiative kernels of AOD and surface albedo derived using the MERRA-2 reanalysis data (Thorsen et al. 2020) are applied to AOD and surface albedo differences between models and observations. For most of the models, the AOD and surface albedo differences can explain most of the flux differences between models and CERES EBAF. The EOS era satellites have provided 20 years of carefully calibrated and validated observations that are suitable for trend analysis. Both the MODIS AOD and CERES EBAF clear-sky SW flux show decreasing trends over the coastal regions of eastern China and the eastern United States due to the emission control policies enforced in both countries, and an increasing trend off the coast of India. The AOD and clear-sky SW flux trends are less consistent over land, as the surface albedo changes complicate the clear-sky SW flux trend. The AOD and clear-sky SW flux trends from the Oslo model HIST run are also examined. However, none of the aforementioned regional trends are found in the model results.