Heat the olive oil in a large pot or Dutch oven over medium heat.
Add the onion, carrot, bell peppers and garlic and cook for 6-7 minutes, stirring often.
Add the chili powder, cumin, paprika and jalapeno and cook for 2-3 minutes, stirring often.
Add the tomato paste, beans and vegetable broth and stir to combine. Simmer uncovered, stirring occasionally, until the carrots are tender, approximately 15-20 minutes.
Season with salt and pepper, if needed, and serve right away with optional toppings like green onion, vegan sour cream, avocado, cilantro or crushed tortilla chips.