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The dbt™ Core version is used across your whole workspace: the Code IDE, Bolt schedules, and the catalog all run on it. Workspace Admins can update it at any time in Workspace Settings > General using Change version.
When you update the dbt™ Core version, all Paradime users are upgraded or downgraded to that version.

Per-environment overrides

Bolt and Agent environments can pin their own dbt™ version instead of following the workspace default: env1 can run dbt™ 1.11 while env2 runs 1.12. Set it from the environment’s settings dialog in Settings > Environments; environments left on Inherit workspace default follow the version on this page. See Create and manage environments.