diff --git a/python_modules/libraries/dagster-components/dagster_components/core/component.py b/python_modules/libraries/dagster-components/dagster_components/core/component.py
index dfb0cac23938a..dc8ca5e0dab20 100644
--- a/python_modules/libraries/dagster-components/dagster_components/core/component.py
+++ b/python_modules/libraries/dagster-components/dagster_components/core/component.py
@@ -210,7 +210,7 @@ def for_test(
             resources=resources or {},
             registry=registry or ComponentRegistry.empty(),
             decl_node=decl_node,
-            templated_value_resolver=TemplatedValueResolver(context={}),
+            templated_value_resolver=TemplatedValueResolver.default(),
         )
 
     @property
diff --git a/python_modules/libraries/dagster-components/dagster_components/core/component_defs_builder.py b/python_modules/libraries/dagster-components/dagster_components/core/component_defs_builder.py
index 047e458fab79f..04a1ce93ed03a 100644
--- a/python_modules/libraries/dagster-components/dagster_components/core/component_defs_builder.py
+++ b/python_modules/libraries/dagster-components/dagster_components/core/component_defs_builder.py
@@ -11,6 +11,7 @@
     Component,
     ComponentLoadContext,
     ComponentRegistry,
+    TemplatedValueResolver,
     get_component_name,
     is_registered_component,
 )
@@ -97,7 +98,12 @@ def build_defs_from_component_path(
     if not decl_node:
         raise Exception(f"No component found at path {path}")
 
-    context = ComponentLoadContext(resources=resources, registry=registry, decl_node=decl_node)
+    context = ComponentLoadContext(
+        resources=resources,
+        registry=registry,
+        decl_node=decl_node,
+        templated_value_resolver=TemplatedValueResolver.default(),
+    )
     components = load_components_from_context(context)
     return defs_from_components(resources=resources, context=context, components=components)
 
diff --git a/python_modules/libraries/dagster-components/dagster_components/core/component_rendering.py b/python_modules/libraries/dagster-components/dagster_components/core/component_rendering.py
index 30f002c1a3157..c7ef86e60ba32 100644
--- a/python_modules/libraries/dagster-components/dagster_components/core/component_rendering.py
+++ b/python_modules/libraries/dagster-components/dagster_components/core/component_rendering.py
@@ -1,4 +1,5 @@
 import json
+import os
 from typing import AbstractSet, Any, Mapping, Optional, Sequence, Type, TypeVar, Union
 
 import dagster._check as check
@@ -15,7 +16,7 @@
 CONTEXT_KEY = "required_rendering_context"
 
 
-def add_required_rendering_context(field: FieldInfo, context: AbstractSet[str]) -> Any:
+def add_required_rendering_context(field: Any, context: AbstractSet[str]) -> Any:
     return FieldInfo.merge_field_infos(
         field, FieldInfo(json_schema_extra={CONTEXT_KEY: json.dumps(list(context))})
     )
@@ -26,10 +27,18 @@ def get_required_rendering_context(subschema: Mapping[str, Any]) -> Optional[Abs
     return set(json.loads(raw)) if raw else None
 
 
+def _env(key: str) -> Optional[str]:
+    return os.environ.get(key)
+
+
 @record
 class TemplatedValueResolver:
     context: Mapping[str, Any]
 
+    @staticmethod
+    def default() -> "TemplatedValueResolver":
+        return TemplatedValueResolver(context={"env": _env})
+
     def with_context(self, **additional_context) -> "TemplatedValueResolver":
         return TemplatedValueResolver(context={**self.context, **additional_context})
 
diff --git a/python_modules/libraries/dagster-components/dagster_components_tests/integration_tests/test_templated_custom_keys_dbt_project.py b/python_modules/libraries/dagster-components/dagster_components_tests/integration_tests/test_templated_custom_keys_dbt_project.py
index 60f89a8d3efd6..0c7d7554f8c88 100644
--- a/python_modules/libraries/dagster-components/dagster_components_tests/integration_tests/test_templated_custom_keys_dbt_project.py
+++ b/python_modules/libraries/dagster-components/dagster_components_tests/integration_tests/test_templated_custom_keys_dbt_project.py
@@ -6,6 +6,7 @@
 
 import pytest
 from dagster import AssetKey
+from dagster._utils.env import environ
 from dagster_components.core.component_decl_builder import ComponentFileModel
 from dagster_components.core.component_defs_builder import (
     YamlComponentDecl,
@@ -116,3 +117,42 @@ def test_load_from_path(dbt_path: Path) -> None:
     )
 
     assert defs.get_asset_graph().get_all_asset_keys() == JAFFLE_SHOP_KEYS_WITH_PREFIX
+
+
+def test_render_vars_root(dbt_path: Path) -> None:
+    with environ({"GROUP_AS_ENV": "group_in_env"}):
+        decl_node = YamlComponentDecl(
+            path=dbt_path / COMPONENT_RELPATH,
+            component_file_model=ComponentFileModel(
+                type="dbt_project",
+                params={
+                    "dbt": {"project_dir": "jaffle_shop"},
+                    "translator": {
+                        "group": "{{ env('GROUP_AS_ENV') }}",
+                    },
+                },
+            ),
+        )
+        comp = DbtProjectComponent.load(context=script_load_context(decl_node))
+        assert get_asset_keys(comp) == JAFFLE_SHOP_KEYS
+        defs: Definitions = comp.build_defs(script_load_context())
+        for key in get_asset_keys(comp):
+            assert defs.get_assets_def(key).get_asset_spec(key).group_name == "group_in_env"
+
+
+def test_render_vars_asset_key(dbt_path: Path) -> None:
+    with environ({"ASSET_KEY_PREFIX": "some_prefix"}):
+        decl_node = YamlComponentDecl(
+            path=dbt_path / COMPONENT_RELPATH,
+            component_file_model=ComponentFileModel(
+                type="dbt_project",
+                params={
+                    "dbt": {"project_dir": "jaffle_shop"},
+                    "translator": {
+                        "key": "{{ env('ASSET_KEY_PREFIX') }}/{{ node.name }}",
+                    },
+                },
+            ),
+        )
+        comp = DbtProjectComponent.load(context=script_load_context(decl_node))
+        assert get_asset_keys(comp) == JAFFLE_SHOP_KEYS_WITH_PREFIX
diff --git a/python_modules/libraries/dagster-components/dagster_components_tests/utils.py b/python_modules/libraries/dagster-components/dagster_components_tests/utils.py
index 87a9e94f1e266..9dd4669a4fe8f 100644
--- a/python_modules/libraries/dagster-components/dagster_components_tests/utils.py
+++ b/python_modules/libraries/dagster-components/dagster_components_tests/utils.py
@@ -19,7 +19,7 @@ def registry() -> ComponentRegistry:
 
 
 def script_load_context(decl_node: Optional[ComponentDeclNode] = None) -> ComponentLoadContext:
-    return ComponentLoadContext(registry=registry(), resources={}, decl_node=decl_node)
+    return ComponentLoadContext.for_test(registry=registry(), decl_node=decl_node)
 
 
 def get_asset_keys(component: Component) -> AbstractSet[AssetKey]: