diff --git a/CITATION.cff b/CITATION.cff
index 60f502f9a..173a3fca9 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -271,7 +271,7 @@ abstract: REMIND (REgional Model of Investment and Development) is a numerical
   technology, policy and climate constraints. It also accounts for regional trade 
   characteristics on goods, energy fuels, and emissions allowances. All greenhouse 
   gas emissions due to human activities are represented in the model.
-version: 3.4.0
+version: "3.4.0.dev2"
 date-released: 2024-12-11
 repository-code: https://github.com/remindmodel/remind
 keywords:
diff --git a/config/default.cfg b/config/default.cfg
index 15064ae61..21a90edac 100644
--- a/config/default.cfg
+++ b/config/default.cfg
@@ -69,7 +69,7 @@ cfg$validationmodel_name <- "VALIDATIONREMIND"
 
 #### model version of the overall model (used for run statistics only).
 # automatically generated for development versions, updated by hand for releases
-cfg$model_version <- "3.3.2.dev1198"
+cfg$model_version <- "3.4.0.dev2"
 
 #### settings ####
 cfg$gms <- list()