Select the "saute" setting on the Instant Pot. Melt the butter flavored coconut oil then add in the carrots.
Top carrots with brown sugar, honey and dill. Pour water on top, and mix well. Place the lid on the Instant Pot. Select "steam" for 4 minutes (with pressure valved in the "sealing" position). Close the Instant Pot and let the carrots cook. When they are done do a quick pressure release.
Carefully remove the lid, mix well and top with additional honey and dill if desired.