Add water and coconut sugar to a saucepan. Bring to a boil.
Remove from the heat and add shredded coconut. Let sit 30 minutes. Strain into a fine mesh strainer. Pour into a mason jar and refrigerate.
Notes
This recipe will last about 2 weeks in an airtight container in the fridge and 2-3 months in the freezer. Because of its high sugar content, the simple syrup does not freeze solid.