Abstract: A system and method for generating a world currency using the kilowatt energy produced by renewable energy power plants (REPP) where one kilowatt hour energy (kWh) is equivalent to one unit of the world currency called global digital energy currency (GDEC). To generate the GDEC, citizens and investors deposit their paper currency into system owned banks (SOBS) which are processed by a central converting and accounting system (CCA) connected to the SOBS and the REPP. The CCA converts the paper currency of the citizens and investors into GDEC and distributes them to the electronic wallets (EW) of the citizens and investors to buy goods and services so that the GDEC is transferred to new citizens who inherit the currency and eventually spread the GDEC throughout the economy. The CCA uses an encrypted code to link the investors and the renewable energy power plants so that they are traceable.