Pour water in the inner pot of the Instant Pot. Add baby carrots.
Cover the Instant Pot with its lid and set on high pressure for 2 minutes.
Once the time is up, allow for a 5 minute NPR.
Remove lid and drain water from the inner pot.
Set Instant Pot to the saute function.
Add butter, brown sugar and honey to the steamed carrots.
Stir until all ingredients have melted into the baby carrots.
Turn off the saute function.
Serve in a large bowl and season with salt and pepper.
Garnish with chopped walnuts. Serve and enjoy!