"The universe is probably filled with habitable planets, so many scientists think it should be teeming with aliens," said Aditya Chopra from Australian National University (ANU).
"Early life is fragile so we believe it rarely evolves quickly enough to survive," he added in a paper published in the journal Astrobiology.
"Most early planetary environments are unstable. To produce a habitable planet, life forms need to regulate greenhouse gases such as water and carbon dioxide to keep surface temperatures stable," Dr Chopra continued.
"Early microbial life on Venus and Mars, if there was any, failed to stabilise the rapidly changing environment," said co-author associate professor Charley Lineweaver.
"Life on Earth probably played a leading role in stabilising the planet's climate," he noted.
According to Dr Chopra, their theory has solved a puzzle.
"The mystery of why we haven't yet found signs of aliens may have less to do with the likelihood of the origin of life or intelligence and have more to do with the rarity of the rapid emergence of biological regulation of feedback cycles on planetary surfaces," he explained.
Wet and rocky planets, with the ingredients and energy sources required for life seem to be ubiquitous. However, as physicist Enrico Fermi pointed out in 1950, no signs of surviving extra-terrestrial life have been found.
A solution to Fermi's paradox, say the researchers, is near universal early extinction which they have named the "Gaian Bottleneck".
"One intriguing prediction of the 'Gaian Bottleneck' model is that the vast majority of fossils in the universe will be from extinct microbial life, not from multicellular species such as dinosaurs or humanoids that take billions of years to evolve," Lineweaver pointed out.