Finely chop the fresh rosemary, chili peppers (remove the seeds if you prefer a milder sauce), and garlic. Squeeze the lime juice.
In a medium saucepan, heat the olive oil over medium heat. Add the garlic and chili peppers and sauté for 1-2 minutes, until fragrant.
Pour in the coconut milk, then add the chopped rosemary and lime juice. Stir well to combine.
Add the honey, then simmer the mixture over low heat for 10-15 minutes, or until the sauce has thickened slightly and the flavors have melded.
Season with salt and black pepper to taste. For a smoother sauce, use an immersion blender to purée.
Let the sauce cool slightly before serving with grilled meats, fish, or vegetables. Store in the refrigerator for up to 3-4 days.
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