The teaching on Dependent Origination shows us how craving and suffering arise from wrong understanding and a lawful process of cause and effect. By bringing wisdom and awareness to each step in this chain reaction, we uproot craving and bring an end to suffering.
Of the three forms of right intention, renunciation helps overcome greed, craving and clinging. Renunciation also helps with cultivating simplicity and ease, and allows us to taste the deep contentment born out of emptiness.