The direction of time is just a convention, and the laws of physics are (still, as far as I know) time-reversible, so this is really irrelevant. You need an energy source to make anything, including life.
All except for (precisely) the heat equation, which is not time-reversible (there is a “loss of information” as time passes, very badly and roughly speaking).
See https://math.stackexchange.com/questions/628720/why-heat-equ...