Objective: The objective of this study is to investigate the integration of Participatory Environmental Governance into Payment for Environmental Services (PES) programs, with the aim of proposing a theoretical model that actively involves universities as facilitators in this process. Theoretical Framework: The theories of Participatory Environmental Governance and the Payment for Environmental Services model are highlighted, providing a solid foundation for understanding the research context. Method: A theoretical and qualitative approach is used. The study involves a review of existing literature on PES and Participatory Governance, followed by a discussion of the limitations of current models and the proposal of a new framework for the proposed integration. Results and Discussion: The results revealed the potential effectiveness of Participatory Environmental Governance in improving the equity and sustainability of PES programs. The relationships between community participation, universities, and the success of PES are highlighted. Research Implications: The implications of this research can be applied to public policies and environmental management practices. These implications may encompass areas such as environmental education, conservation policies, and the role of universities in sustainability. Originality/Value: This study contributes to the literature by proposing a novel integration between Participatory Environmental Governance and PES programs, highlighting the strategic role of universities. The relevance and value of this research are evidenced by its potential application in different contexts, promoting more participatory and sustainable natural resource management.