RuntimeException: Runtime Error Could not run dbt - runtime-error

Question

I used dbt init to create a profiles.yml in my .dbt folder. It looks like this:
spring_project:
outputs:
dev:
account: xxx.snowflakecomputing.com
database: PROD_DWH
password: password
role: SYSADMIN
schema: STG
threads: 1
type: snowflake
user: MYUSERNAME
warehouse: DEV_XS_WH
target: dev
Now, I created a new folder on my desktop which only contains a dbt_project.yml file that has this:
profile: 'spring_project'
When I run this from my project folder:
dbt debug --config-dir
I get this:
21:48:59 Running with dbt=1.2.1
21:48:59 To view your profiles.yml file, run:
open /Users/myusername/.dbt
However, when I run dbt
dbt run --profiles-dir /Users/myusername/.dbt
I get this:
21:43:39 Encountered an error while reading the project:
21:43:39 ERROR: Runtime Error
Invalid config version: 1, expected 2
Error encountered in /Users/myusername/Desktop/spring_project/dbt_project.yml
21:43:39 Encountered an error:
Runtime Error
Could not run dbt
21:43:39 Traceback (most recent call last):
File "/opt/homebrew/lib/python3.10/site-packages/dbt/task/base.py", line 108, in from_args
config = cls.ConfigType.from_args(args)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/config/runtime.py", line 226, in from_args
project, profile = cls.collect_parts(args)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/config/runtime.py", line 194, in collect_parts
partial = Project.partial_load(project_root, verify_version=version_check)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/config/project.py", line 639, in partial_load
return PartialProject.from_project_root(
File "/opt/homebrew/lib/python3.10/site-packages/dbt/config/project.py", line 485, in from_project_root
raise DbtProjectError(
dbt.exceptions.DbtProjectError: Runtime Error
Invalid config version: 1, expected 2
Error encountered in /Users/myusername/Desktop/spring_project/dbt_project.yml
The above exception was the direct cause of the following exception:
Traceback (most recent call last):
File "/opt/homebrew/lib/python3.10/site-packages/dbt/main.py", line 129, in main
results, succeeded = handle_and_check(args)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/main.py", line 191, in handle_and_check
task, res = run_from_args(parsed)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/main.py", line 218, in run_from_args
task = parsed.cls.from_args(args=parsed)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/task/base.py", line 185, in from_args
return super().from_args(args)
File "/opt/homebrew/lib/python3.10/site-packages/dbt/task/base.py", line 114, in from_args
raise dbt.exceptions.RuntimeException("Could not run dbt") from exc
dbt.exceptions.RuntimeException: Runtime Error
Could not run dbt
What am I doing wrong?

Answer 1

Most likely the reason is lack of config-version:
dbt.exceptions.DbtProjectError: Runtime Error
Invalid config version: 1, expected 2
config-version
config-version: 2
Specify your dbt_project.yml as using the v2 structure.
Default:
Without this configuration, dbt will assume your dbt_project.yml uses the version 1 syntax, which was deprecated in dbt v0.19.0.