<abstract> <p>The escalating penetration of renewable energy, notably wind and solar, introduces unique complexities into power systems, particularly in frequency and voltage regulation. Current grid codes are inadequate for these emerging dynamics, necessitating significant enhancements to cope with the evolving energy landscape. The paper highlights several pivotal areas of improvement, including increased flexibility within power systems, integration of energy storage systems, expansion of ancillary services, the inclusion of grid-forming inverters, and the international harmonization of grid codes. The research underscores that conventional power system methodologies, primarily reliant on traditional power plants, fail to manage the fluctuating supply-demand dynamics of renewable energy effectively. By proposing improvements in grid codes, the research contributes towards resolving this issue. Furthermore, the paper underlines the paramount importance of international harmonization of grid codes for system interoperability, efficient operation, and exchange of best practices across diverse regions. Through its exhaustive exploration and recommendations, the study empowers policymakers, grid operators, and energy producers to advance grid code frameworks. Consequently, this facilitates renewable energy integration, ensures grid stability, and paves the way for a more sustainable energy future.</p> </abstract>