An interconnection of electric power networks enables decarbonization of the electricity system by harnessing and sharing large amounts of renewable energy. The highest potential renewable energy areas are often far from load centers, integrated through long-distance transmission interconnections. The transmission interconnection mitigates the variability of renewable energy sources by importing and exporting electricity between neighbouring regions. This paper presents an overview of regional and global energy consumption trends by use of fuel. A large power grid interconnection, including renewable energy and its integration into the utility grid, and globally existing large power grid interconnections are also presented. The technologies used for power grid interconnections include HVAC, HVDC (including LCC, VSC comprising of MMC-VSC, HVDC light), VFT, and newly proposed FASAL are discussed with their potential projects. Future trends of grid interconnection, including clean energy initiatives and developments, UHV AC and DC transmission systems, and smart grid developments, are presented in detail. A review of regional and global initiatives in the context of a sustainable future by implementing electric energy interconnections is presented. It presents the associated challenges and benefits of globally interconnected power grids and intercontinental interconnectors. Finally, in this paper, research directions in clean and sustainable energy, smart grid, UHV transmission systems that facilitate the global future grid interconnection goal are addressed.